Their goal is to price gouge you. Restricting them could be the move.
Should landlords be allowed to use algorithms to set rent?
- 2w ago2 weeks ago
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They can do whatever they want. Free country. Live somewhere cheaper if a calculator bothers you that much.
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yeah people can totally just teleport somewhere cheaper with their job and whole life
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Sure? You want to limit landlords ability to use a computer?
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The issue isn't "using a computer." It's landlords feeding nonpublic lease data into the same pricing system and then following its recommendations. Regulate the data sharing and coordinated conduct. Nobody cares if a landlord uses Excel.
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No.. a landlord using a spreadsheet is fine duh. But when the software recommends leaving units empty rather than lowering rent we have a problem.
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Only with real transparency and antitrust oversight. Ten landlords implementing the same price looks a lot like price fixing. Put em in jail.
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Transparency should include telling tenants when software set the price and what data it used.
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