Multifamily Pricing: From Passing Notes to Passing Judgments
There has been a great deal of talk about multifamily revenue management over the last few days. Last Friday, the Department of Justice's (DoJ) long-anticipated "algorithmic pricing" lawsuit affecting multifamily revenue management dropped.
Since then, I have been involved in many discussions about this news, particularly the central problem I see with these lawsuits: the allegations are simply false. What has surprised me somewhat through conversations over the last few days is that good-faith actors in the industry do not understand the gap between the allegations and the reality of how the technology works.