The Portland City Council postponed a vote on a proposed ban of algorithmic rental price-fixing software due to new litigation in Berkeley, California. Councilor Angelita Morillo emphasized the need for careful examination of these legal developments before proceeding. The ordinance, aimed at preventing artificial rent inflation and ensuring affordability, was co-sponsored by fellow councilors Mitch Green and Tiffany Koyama Lane. Supporters claim that AI-driven software currently empowers landlords to set higher rental prices and engage in anti-competitive behaviors, which the legislation seeks to curtail.
Councilor Angelita Morillo noted that new litigation related to algorithmic rental price-fixing software in Berkeley requires careful consideration before Portland moves forward with its ordinance.
The proposed policy aims to prevent artificial inflation in the rental market while ensuring rents remain affordable, counteracting anti-competitive practices by landlords using AI-driven software.
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