City Councilmembers Peter Ortiz, Omar Torres and David Cohen have proposed an ordinance that would ban rent or occupancy-setting tools like RealPage, which the Department of Justice recently accused of allegedly allowing landlords to collude on rental prices. Artificial intelligence should be a tool for innovation and progress, not for monopolistic practices that drive up housing costs, Ortiz said.
The government's complaint cites a RealPage executive saying, There is greater good in everybody succeeding versus essentially trying to compete against one another in a way that actually keeps the entire industry down. It also quotes a landlord who used the software, saying, I always liked this product because your algorithm uses proprietary data from other subscribers to suggest rents and terms. That's classic price fixing.
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