I had a plumber over to quote a HVAC replacement, while he was working up the quote I saw his iPad where his was inputting the equipment for costs etc, then it flipped over to an area that showed my home estimated value, my estimated household income and a ton of other economic measures that gave them sweet spots for their quote.
While I obviously know people do this, to see it so blatantly laid out (it wasn’t meant for my eyes) was very gross.
replyBy the way, the home value and income estimates were higher than reality, and his quote was also fairly high - though not the highest
That sort of counters the advice to get three quotes. If every bidder has that info, it may be harder to get the "best" price.
replyNot really, because a slightly smarter (or more motivated) seller will realize they can make the sale by being slightly lower than the other sellers.
replyA buyer should also ask the sellers for a lower price after the initial prices are given.
I really can't think of any others. Which is why RealPage has been so newsworthy.
replyIf you have examples of such a company in other industries, please share.
RealPage isn't even the only one in its industry:
reply AUTOMATIC PRICE UPDATES
New pricing information automatically pushes to marketing website and ILS listings in real time.
During a six month study with an Entrata client using Entrata Pricing, market rents grew 15% more than a comparable set of properties within the same company.
No one cared about those of us hurt by this company to even bother filing a lawsuit against them.
I mean we all have chatgpt now:
reply Industry Companies
---------------- --------------------------------------
Apartments RealPage, Yardi, Rentana, Entrata
Hotels IDeaS, Duetto, RoomPriceGenie
Airlines PROS, Amadeus
Grocery Revionics, Yieldigo, Competera
Retail Pricefx, Omnia Retail, Wiser Solutions
E-commerce Prisync, Price2Spy, Intelligence Node
Manufacturing Zilliant, Vendavo
Vacation rentals PriceLabs, Beyond, Wheelhouse
Events/tickets DynamO Pricing, DigonexIt's pretty bold to name the price fixing software Pricef(i)x
replyYou've never used salary data at a work place?
replyCompanies like Radford collect salary information aggregated and sell it to other companies trying to set salary levels for similar roles.
replyThese companies buying services from Radford are indirectly colluding through Radford, just like RealPage.
Could you give us other examples?
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