The city of San Francisco lost over 60,000 residents since the onset of the Covid-19 pandemic, yet rental prices remain surprisingly resilient.
The San Francisco Board of Supervisors has moved closer to banning algorithmic devices that set or recommend rents, aiming to tackle high residential prices.
RealPage's rental pricing strategies, which include price floors and vacancy manipulation, may contribute to inflated rents and potentially violate anti-trust laws.
The DOJ has expressed concerns over the legality of RealPage's practices, suggesting that their algorithms may constitute illegal price-fixing.
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