Landlords and property managers can’t collude on rental pricing. Using new technology to do it doesn’t change that antitrust fundamental. Regardless of the industry you’re in, if your business uses an algorithm to determine prices, a brief filed by the FTC and the Department of Justice offers a helpful guideline for antitrust compliance: your algorithm can’t do anything that would be illegal if done by a real person.
Interesting that pay tripled, staples like food and gas doubled, and the price of a car quadrupled in that time. Houses also dropped from 4x pay to 2.5x pay
Can’t speak for the veracity, but I’ve got two magnets with the following:
1934
Average income = $1,601.00
Loaf of bread = $.08
Gallon of gas = $.10
Gallon of milk = $.45
New car = $625.00
New house = $5,972.00
1958
Average income = $4,650.00
Loaf of bread = $.19
Gallon of gas = $.24
Gallon of milk = $1.01
New car = $2,155.00
New house = $11,975.00
Interesting that pay tripled, staples like food and gas doubled, and the price of a car quadrupled in that time. Houses also dropped from 4x pay to 2.5x pay