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San Francisco Supervisors Approve Ban on Rent-Setting Software
San Francisco's Board of Supervisors has approved a first-in-the-nation ordinance banning landlords from using certain software and algorithms to set rents. The measure, proposed by Board President Aaron Peskin, passed with a 10-0 vote and targets companies like RealPage and Yardi. The ordinance ...
San Francisco's Board of Supervisors has approved a first-in-the-nation ordinance banning landlords from using certain software and algorithms to set rents. The ordinance prohibits the sale or use of "algorithmic devices" that analyze non-public competitor data to recommend rents or occupancy levels for residential units in San Francisco. RealPage defended its product, stating it "benefits both housing providers and residents" and that customers can reject price recommendations.
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