San Diego moves to ban 'algorithmic price fixing' in housing market

Italia Notizia Notizia

San Diego moves to ban 'algorithmic price fixing' in housing market
Italia Ultime Notizie,Italia Notizie

The proposal targets companies like RealPage, which uses private data on rental housing and artificial intelligence to help landlords set the highest rents possible.

  • 📰 KPBSnews
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

A"for rent" sign outside of a one bedroom, one bath home in the Ocean Beach neighborhood. San Diego, Calif. May 3, 2023.The ban targets companies such as RealPage, which collects private data on rental housing and feeds it through an algorithm to help landlords charge the highest rent possible. The practice was uncovered in a, arguing the company's software violates federal antitrust laws. The lawsuit states the software is already used by some landlords in parts of San Diego.

The lone"no" vote came from Councilmember Raul Campillo, who expressed concerns that the ban would not survive legal challenges and that any local regulations could be preempted by state law.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

KPBSnews /  🏆 240. in İT
 

Italia Ultime Notizie, Italia Notizie



Render Time: 2025-01-14 22:24:47