San Francisco Moves to Ban Rent-Setting Software Accused of Price Fixing
The ordinance targets platforms like RealPage, which are alleged to artificially inflate rents and reduce competition.
- The Board of Supervisors approved the ordinance in a 10-0 preliminary vote.
- Critics argue the software enables landlords to collude on rent prices, exacerbating the housing crisis.
- RealPage and other companies deny the allegations, claiming their software benefits both landlords and renters.
- The ordinance could face legal challenges, but supporters hope it will serve as a model for other cities.
- Final approval is expected on September 3, pending the mayor's decision.