Landlords Are Leveraging AI to Hike Rents
In recent years, many landlords have turned to a single software provider to determine rental prices, a practice that has contributed to widespread rent hikes. Federal prosecutors have labeled this as an "illegal information-sharing scheme," prompting action from some lawmakers in California to curb the practice. The president of the San Diego City Council has proposed a ban on the use of this pricing service by local apartment owners, arguing that it is driving up housing costs in the area.
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