> The fees go down when there’s slack demand. Here the allegation is that the providers are setting minimums in a roundabout way.

But luxury apartment rents did plummet during COVID. That’s a pretty clear example of the dynamic pricing models responding to a drop in demand.

Rents are up now because so many people are moving back to the city and inventory levels are low again.

At the end of the day, it’s the low vacancy rate that enables landlords to charge higher rents, not the pricing software alone.

For example, most large apartment complexes in Houston use dynamic pricing. But Houston has a relatively high rental vacancy rate because they build new housing left and right whenever there’s a surge in demand. As a result, apartments there are relatively affordable despite using the same software that landlords use here.