San Jose housing advocates say corporate property owners are taking advantage of the latest artificial intelligence tech to drive up rent prices — and renters are feeling the financial pain.
Councilmember Peter Ortiz has proposed a policy to restrict the sale and use of “algorithmic devices” to set rents or manage home occupancy levels in the city. The proposal comes after San Francisco passed a similar rule in light of the Justice Department suing software provider RealPage for allegedly allowing its partnering landlords to coordinate housing prices by using private data.
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