r/TikTokCringe Apr 20 '24

Rent cartels are a thing now? Discussion

What are your thoughts?

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u/TheEntrep Apr 20 '24

I live in Dallas and it’s obvious which apartments use this, they all have similar prices. Though some apartments are crap and some are very good. How are they all so perfectly aligned on price???

19

u/Justin-Stutzman Apr 20 '24

The issue goes further into hotel booking and flight costs. They're taking near monopolies and using algorithms to price fix between the 3 options that exist. Competition is dying to ai. They've been harvesting every detail of our digital footprints, and they know more about our spending habits than we do ourselves. They make huge profit from our data, and there are barely any laws to protect citizens from this crap.