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Can the US Regulate Algorithm-Based Price Fixing on Rental Housing?
"Some corporate landlords collude with each other to set artificially high rental prices, often using algorithms and price-fixing software to do it." That's a U.S. presidential candidate, speaking yesterday in North Carolina to warn that the practice "is anticompetitive, and it drives up costs. I ...
Investopedia reports: Harris proposed a slate of policies aimed at curbing the high cost of housing, which many economists have traced to a long-standing shortage. Harris's plan called for the construction of 3 million new houses to close the gap between how many homes exist in the country, and how many are needed, with the aim of evening out supply and demand and putting downward pressure on prices. She also called for a law blocking large investors from buying houses to rent out, a practice she said was driving up prices by competing with individual private buyers.
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