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Getting to the bottom of a COVID-era real estate mystery in New York City. All of the people who left the city should have left behind a surplus of empty apartments. What happened to them? And why is it so difficult and expensive to lease one now?
U.S. landlords who use RealPage products to set prices on rental apartments are facing accusations of collusion.
U.S. landlords who use RealPage products to set prices on rental apartments are facing accusations of collusion.
U.S. landlords who use RealPage products to set prices on rental apartments are facing accusations of collusion.
![Ask a Journalist: Why is my rent so [expletive] high? - Vimarsana News](https://npr.brightspotcdn.com/dims4/default/cc0f020/2147483647/strip/true/crop/6487x3649+0+338/resize/1200x675!/quality/90/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F11%2F0c%2F4d9682454223af7738a2df67ab5d%2Fpexels-rdne-stock-project-7841414.jpg)
Q: Why is my rent so [expletive] high?A: Capitalism — which is to say, it’s complicated. Part of the recent increase in rents has to do with the basic economic principles of supply and demand, and the phenomenon of filtering, where the lack of higher-end options pushes consumers into less expensive markets, increasing competition there. But it likely also involves the darker side of capitalism, including anticompetitive price-fixing practices and algorithm-based rent-setting software that is far more aggressive than a ‘human’ manager might be. For the latest installment of ‘Ask a Jou...