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blondieboo12 t1_jbkfw8e wrote

All the landlords in jersey city use the same AI tool to “price optimize”. It’s basically removing all competition in the market. Everyone I know, including myself, who even a year ago could easily afford rent is now being forced to look elsewhere

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recklessmax80 OP t1_jbkqetj wrote

Yes i hears that all big property managers used the same third party system to determine future rents which is biased based on house affordability towards generating highest profits for them and make it sounds the normal rent across everyone for that area

Although im open for landlord to make profit off their properties this is like taking undue advantage akin to some retailer who were selling masks during the pandemic at ridiculously high prices (price gouging) because of supply chain issues until the government intervened

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