US EditionPortland hears polarizing testimony on policy to ban rent pricing software
- Portland's City Council considered a policy on Wednesday to prohibit landlords from using algorithmic software for setting rental rates.
- Housing costs are a top issue, and the policy change is the first major consideration by the new City Council to address it.
- The software scans regional rent prices and vacancy data to recommend monthly rates, and violating the ban could mean fines up to $1,000.
- Councilor Morillo stated this ordinance would remove opportunities for corporate landlords to participate in price fixing.
- The policy faces opposition from landlords who find the language vague, even as supporters assert it will combat rising rents.
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Portland hears polarizing testimony on policy to ban rent pricing software
The first major policy change under consideration by Portland’s new City Council attempts to address one of the city’s top issues: Housing costs.On Wednesday, councilors considered a policy prohibiting landlords from using algorithmic software to set rental rates.This kind of software scans regional rent prices and vacancy data submitted by landlords and recommends monthly rental rates. Supporters say this “algorithmic pricing” tool helps proper…
·Portland, United States
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Total News Sources4
Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
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- 67% of the sources are Center
67% Center
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C 67%
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