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

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

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 240. in SE

Sverige Senaste nytt, Sverige Rubriker