Vice President Kamala Harris highlighted property management software as a factor contributing to high rents during her first campaign speech. Following this, the Department of Justice launched a lawsuit against RealPage, a leading provider of such software. The Berkeley City Council moved to prohibit algorithmic tools for rental pricing, with implications for the housing market and property management. Some argue that estimating rental value through software does not equate to price-fixing, as landlords remain free to set competitive prices. The debate continues regarding the appropriateness of such regulations.
"Allowing landlords to use the software brings inventory to market more quickly, because it eliminates the time-intensive process of researching the going rates of units..."
"Estimating the value of rentals based on comparables is not the same as controlling the value of rentals, when there is no requirement to accept the software's recommendations."
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