Portland City Councilors are prioritizing housing affordability in their latest legislative agenda, focusing on construction permitting, rental pricing, and residential vacancy rates. Councilor Angelita Morillo plans to propose a ban on algorithmic pricing used by landlords, which she argues leads to anti-competitive practices. This proposal, discussed in the first Homelessness and Housing Committee meeting, aims to combat the harmful effects of companies like RealPage, which share rental data leading to price fixation. The US Department of Justice is also pursuing legal action against RealPage for violating antitrust laws.
The Justice Department's complaint alleges the company's pricing algorithm "violates antitrust laws" and "deprives renters of the benefit of competitive pricing."
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