Landlords are using AI to raise rents; California cities are leading the pushback
Briefly

from The Mercury News3 months ago
Federal prosecutors describe the widespread use of a single company's pricing software as an unlawful information-sharing scheme that inflates rents and harms consumers.
The Mercury Newshttps://www.mercurynews.com/2024/12/05/landlords-are-using-ai-to-raise-rents-and-california-cities-are-leading-the-pushback/
San Diego's city council president emphasizes the necessity of drafting an ordinance to restrict apartment owners from using pricing algorithms, claiming it is a major factor in rising housing costs.
The Mercury Newshttps://www.mercurynews.com/2024/12/05/landlords-are-using-ai-to-raise-rents-and-california-cities-are-leading-the-pushback/
California legislators aim to challenge the use of algorithmic tools for setting rents, after similar measures passed in San Francisco and are being considered in San Jose.
The Mercury Newshttps://www.mercurynews.com/2024/12/05/landlords-are-using-ai-to-raise-rents-and-california-cities-are-leading-the-pushback/
The complaint against RealPage indicates that their algorithm exploits landlords' sensitive information, leading to elevated rent prices that adversely affect renters.
The Mercury Newshttps://www.mercurynews.com/2024/12/05/landlords-are-using-ai-to-raise-rents-and-california-cities-are-leading-the-pushback/
Read at The Mercury News
#housing #rent-prices #realpage #california-legislation #consumer-protection
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