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From https://www.thebignewsletter.com/p/monopoly-round-up-time-bandits-and https://www.thebignewsletter.com/p/monopoly-round-up-time-ba... > Our work against a
by toomuchtodo 2mo ago
From https://www.thebignewsletter.com/p/monopoly-round-up-time-bandits-and https://www.thebignewsletter.com/p/monopoly-round-up-time-ba...
> Our work against algorithmic rent-fixing is starting to bear real fruit. Multiple cities have passed laws prohibiting corporate landlords from using rent-fixing software, including San Francisco, San Diego, Seattle, Philadelphia, and Providence, RI. These laws aren’t complex and don’t require unwieldy market definition, you just have to show that the defendant is using nonpublic information in an algorithm to set prices. And they are being enforced, with six different lawsuits now pending.
- demibabs 2mo agoCan you elaborate on what is meant by “rent-fixing”?
- hiddencost 2mo agoLike "price fixing". Landlords illegally colluding to artificially inflate the price of housing.
- CharlesW 2mo agohttps://en.wikipedia.org/wiki/Price_fixing#:~:text=Rent%20algorithm,of%202024.%5B37%5D https://en.wikipedia.org/wiki/Price_fixing#:~:text=Rent%20al...
- arrosenberg 2mo agoA bunch of landlords all use the same software to tell them how to price rents. The software continually pushes prices higher and higher. The software requires landlords to use their pricing as a condition of use. Now you have a price-fixing cartel for rent.
- FireBeyond 2mo agoAnd those corporations can decide that they'd rather the apartment sit vacant than be rented at below exactly what they'd like to get for it, bolstered in part by the fact they can claim the non-occupancy as a loss on their taxes.
- washadjeffmad 2mo agohttps://www.legis.ga.gov/api/legislation/document/20252026/234445 https://www.legis.ga.gov/api/legislation/document/20252026/2... See Section 3
- boredatoms 2mo agoWill they just stop using an ‘algorithm’ and have a mathematician sit there and state numbers that are of unknown origin?