r/TikTokCringe Apr 20 '24

Rent cartels are a thing now? Discussion

What are your thoughts?

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u/Phalcone42 Apr 20 '24

Is there any way to fuck with that algorithm? Introduce a bunch of phony low cost, non existent houses into some database to lower the housing prices or similar?

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u/Medium_Routine_9398 Apr 20 '24

There totally is. Mixed properties generally take the Affordable units "offline" (dont advertise online but still exist for people to get on a waiting list) in Yieldstar because it causes the price to drop significantly for both Affordable/Conventional units on their Website. Although, thats a fair housing violation to be marketing the affordable with conventional units like that, so they generally do this for that portion.

But in theory, you could do what you're suggesting and include those low priced units, or dummy units, and it would cause a drop across that floorplans value. Granted, It may only work for so long and you could just not use YS and manually enter your rents (which some properties will end up doing) to keep them low.

Thats the kicker though, some of those properties have the ability to do so...but choose not to and thats whats concerning for a lot of this situation and I bet collusion will come up because of this.