Top Tweets for #YieldStar
“Renters in Canada are facing exploitation and eviction because of CORPORATE GREED. It’s so bad, a class-action lawsuit has started against corporate landlords, accusing them of price-fixing using the AI program, #YieldStar.”
@BonitaZarrillo 👏👏👏
A proposed class-action lawsuit alleges over a dozen Canadian landlords and property managers have been part of a price-fixing scheme involving #YieldStar, a controversial AI software that’s also at the heart of a U.S. Department of Justice case.
#housing
https://t.co/YcXXmAGVWc
#YieldStar, a price-fixing software used in #Canada and the United States, explained by cartoon.
(Kudos to @curioushoodie for this amazing artwork!)
#StopTheLandlordCartel
#RedFlagsForRenters🚩
#HousingCrisis
@YSWtenants @gwlra @DreamUltd
Is your landlord using #YieldStar to calculate your rent like @gwlra and @DreamUltd?
DM us and share your experience.
It’s time to END PRICE-FIXING.
#BanYieldStar
#StopTheLandlordCartel
#RedFlagsForRenters🚩
#Canada
#HousingCrisis
THIS is where pointing to “lack of supply” as THE cause of the housing crisis weakens.
Yes, we need more (non-market, truly affordable) housing, but the % of EMPTY units are ⬆️ in my community.
Why? Landlords who use #YieldStar prioritize rent optimization over occupancy.
My landlord, @gwlra, raked in ⬆️ NET operating income each of the last 2 years while vacancy went ⬆️.
So…
⬆️ rents
⬆️ net operating income
⬆️ apartments sitting EMPTY during a housing crisis
#YieldStar
#RedFlagsForRenters🚩
https://t.co/wf3JbA7tCO
https://t.co/iXNDtaTpLG
My landlord, @gwlra, raked in ⬆️ NET operating income each of the last 2 years while vacancy went ⬆️.
So…
⬆️ rents
⬆️ net operating income
⬆️ apartments sitting EMPTY during a housing crisis
#YieldStar
#RedFlagsForRenters🚩
https://t.co/wf3JbA7tCO
https://t.co/iXNDtaTpLG
The result of #YieldStar in my non-rent-controlled community at Livmore High Park? @gwlra raises our rents ~7-13% EACH YEAR (or whenever our leases are up), & much higher between vacancies.
My landlord, @gwlra, has been using #YieldStar since 2017.
They told us they use YieldStar in a meeting they held with me & a few neighbours last year (April 2023).
It’s also in their 2017 Annual Review (pg 22) https://t.co/OqbPKSf27d
This is the software you guys use in my community, right, @gwlra? https://t.co/oG7tkiNSLd
#Toronto #HousingCrisis
Antitrust cases contend that use of RealPage’s algorithm, which lets property owners share private d#ata, amounts to collusion. #RealPage’s customers have publicly attributed revenue increases to its #software.
https://t.co/mqyXLKYudI
#YieldStar #AlgorithmicCollusion
.@RealPage's YieldStar software may be helping corporate landlords jack up rent prices and push affordable housing for families further out of reach by stifling competition. I want answers. https://t.co/0ixWw3RiMz
"Oprogramowanie #RealPage, w tym produkt #YieldStar, jest wykorzystywane przez wynajmujących do szacowania podaży i popytu na ich oferty, umożliwiając im maksymalizację czynszów."
#nieruchomosci #mieszkania #mieszkanie #usa #realestate
Sądy biorą się za zmowę cenową na rynku nieruchomości w USA.
Obejmuje ona 70% wynajmowanych mieszkań:
https://t.co/AZg9r1fcfp
Per @TheProspect, with #YieldStar, "RealPage instead gave [landlords] the tools to extract ever-higher revenues out of powerless renters, no matter how trash-strewn, roach-infested, or crime-ridden their homes had become." Learn more ⬇️
https://t.co/mRoUzv0bEs
You've heard of @RealPage, the company under FBI investigation for their scheme to perpetually hyperinflate rent.
But you may not know about #Yieldstar, RealPage's software that gouges tenants by raising rent as high as 20%.
@ChenderClaudia @TimHoustonNS @JohnLohrPC @Tim_Bousquet TB: @hvogell's reporting in @propublica apparently spurred antitrust investigations, as early this wk search warrants were executed in Arizona.
#YieldStar #IPOANS #Halifax @ipoans @RealPage @TVeinotteShow @thesmacleodshow @portiaclarkcbc @Mainstreethfx
https://t.co/lR8eCMKzEu
Jay Parsons out at RealPage:
Here's a couple of links:
California lawsuit filing: https://t.co/lUD0Z2L4nD
ProPublica Article: https://t.co/tzuWZWqLv6
#yieldstar #inflation #rent #housing #realestate
So sick of every necessity being monetized via software like #YieldStar (price fixing for rent).
#Oligarchs have to learn: #capitalism itself has a “subscription fee” namely: subsistence of the people.
Without that: it’s gui11otine time. #solidarity
https://t.co/U8cRSWIPh1
𝗧𝗵𝗶𝘀 𝗖𝗼𝗺𝗽𝗮𝗻𝘆'𝘀 𝗔𝗜 𝗔𝗹𝗴𝗼𝗿𝗶𝘁𝗵𝗺 𝗶𝘀 𝘄𝗵𝘆 𝗨𝗦 𝗛𝗼𝘂𝘀𝗲 𝗥𝗲𝗻𝘁𝘀 𝗮𝗿𝗲 𝗚𝗼𝗶𝗻𝗴 𝗨𝗽
https://t.co/lbTh7pPP4E
#Algorithm #Software #RealPage #YieldStar #UnitedStates #AnalyticsInsightMagazine #AI #AINews #AnalyticsInsight
It’s growing more common for #landlords to use software like #Yieldstar to set the rental prices of their properties. This of course leads to software companies promising optimized pricing for maximum profit, which leads to higher rent for residents.
https://t.co/WaKDcmgYM9
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