NEWS Desk Global
SOME SF LANDLORDS USED AI TO SET RENTS HIGHER
As if renting in the Bay Area wasn't costly enough for a lot of people, some San Francisco landlords were using artificial intelligence software to set rates even higher. San Francisco supervisors took swift action banning some AI rental software the first time they discussed it Tuesday.
The software in question is RealPage and Yardi. They compile landlord data to determine how high they can set a unit’s rent, or perhaps not rent it at all, by using the rental data of their competitors. The fear is multiple landlords working together to keep prices high.
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