Setting rent by AI

Cities in California are prohibiting the use of AI software to set rent prices. local elected officials say that the software inflates prices. Federal prosecutors say the practice amounts to “an unlawful information-sharing scheme.” In August, The Department of Justice and the attorney generals of eight states — California, North Carolina, Colorado, Connecticut, Minnesota, Oregon, Tennessee, and Washington — filed an antitrust lawsuit against RealPage, the leading rental pricing platform based in Texas. Here comes the legislation and the lawsuits…

Route Fifty | Landlords are using AI to raise rents — and cities are starting to push back