this post was submitted on 02 Dec 2024
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229
Landlords Are Using AI To Raise Rents — and Cities Are Starting To Push Back – The Markup (themarkup.org)
submitted 3 weeks ago by Stopthatgirl7@lemmy.world to c/news@lemmy.world
10 comments fedilink hide all child comments
 

If you’ve hunted for apartments recently and felt like all the rents were equally high, you’re not crazy: Many landlords now use a single company’s software — which uses an algorithm based on proprietary lease information — to help set rent prices.

Federal prosecutors say the practice amounts to “an unlawful information-sharing scheme,” and some lawmakers throughout California are moving to curb it. San Diego’s city council president is the latest to do so, proposing a ban that would prevent local apartment owners from using the pricing service, which he maintains is driving up housing costs.

San Diego’s proposed ordinance, which is currently being drafted, comes after San Francisco enacted a first-in-the-nation ban on “the sale or use of algorithmic devices to set rents or manage occupancy levels” for residences in July. San Jose is considering a similar approach.

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[–] Pacattack57@lemmy.world 49 points 3 weeks ago

Price fixing is illegal. If being a landlord is a business how is this not price fixing?

[–] horse_battery_staple@lemmy.world 25 points 3 weeks ago

Freeze rent not people

[–] Phoenicianpirate@lemm.ee 21 points 3 weeks ago

They need to be punished by drastically reducing rent...

[–] drunkpostdisaster@lemmy.world 11 points 3 weeks ago* (last edited 3 weeks ago) (3 children)

My apartment raised the rent and now the heat for half the building doesn't work. No big deal though, it's just winter in Alaska

EDIT: fucking auto correct.

[–] catloaf@lemm.ee 14 points 3 weeks ago

How do you bake anything like that?

[–] morrowind@lemmy.ml 10 points 3 weeks ago (1 children)

Yeast? Do you live in a bakery?

[–] thefartographer@lemm.ee 3 points 3 weeks ago

Would if I could, dough.

[–] mdd@lemm.ee 7 points 3 weeks ago

How do brew more alcohol?

[–] b3an@lemmy.world 4 points 3 weeks ago

This is so outrageous. Directly contributes to today’s economics and the squeeze on the dwindling middle class.

[–] dan1101@lemm.ee 3 points 3 weeks ago

This is good but the cities also need to look at how rising property taxes affect rent as well.