Councilmember Peter Ortiz expressed, "We know about 66% of multi-family units are managed by property owners who use this software, so they essentially utilize the software to artificially inflate rent." This reflects the widespread impact of algorithmic pricing on the housing market.
U.S. Attorney General Merrick Garland stated that software from RealPage undermines the free housing market by giving property owners AI-powered tools, allowing them an unprecedented advantage over smaller landlords.
Mathew Reed commented, "The big players are not only potentially working with each other, but they're likely cutting out good actors in the market, hurting the smaller and mid-size property owners and renters as well." This highlights the competitive imbalance created by corporate use of AI.
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