Council Committee Seeks Ban on Use of Software Blamed for Price Fixing in Housing Market ...Middle East

A rental sign outside a North Park apartment complex. Staff photo A San Diego City Council committee voted 4–1 Wednesday to ask the City Attorney’s Office to draft an ordinance prohibiting the practice of using software that is believed to enable price fixing in housing. The maneuver has been targeted in anti-trust suits across the country. Eight states, including California, joined a case filed against RealPage by the Justice Department in federal court in August. The practice, called algorithmic pricing, according to the Justice Department, makes it possible for apartment landlords to set market rates, which “deprives renters of the benefits of competition on apartment leasing t

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Council Committee Seeks Ban on Use of Software Blamed for Price Fixing in Housing Market ...Middle East

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