New York is the first state to outlaw algorithmic pricing by landlords, following a number of city-wide bans in Jersey City, Philadelphia, San Francisco, and Seattle.Software companies such as RealPage offer landlords algorithms that can set rental prices. The software can also help determine the ideal number of people to live in a unit or the terms of a lease renewal.Not only does the law outlaw setting rental terms with the software, it also says that any property owners who use the software will be considered colluding. In other words, two or more rental property owners or managers who set rents with an algorithm are, in practice, choosing to not compete with each other, whether they do so “knowingly or with reckless disregard,” the law says. This is a distinct violation from simply using the software itself.The use of this software has cost US tenants around $3.8 billion in 2024, according to Hochul’s press release.https://www.theverge.com/news/801205/new-york-rent-price-fixing-ban-software
Huh I guess it sort of actually is colluding
Having an average house must become a human right.
Yeah it's not wrong about the collusion angle. Neural networks and related game theory solving engines who optimize cash flow for any function with multiple adversarial members, were precisely designed to find and reward the tiny flame of domination that occurs when you collaborate with allies, and moreso, collaborate with enemies to secret joint strike fight.Another word for it might be discovery of the power of unity such that N men can have each other's backs, a magical new force comes into existence who is more than the sum of the parts.If we all raise the rent all at once, then the tenants will have to pay. It's not extortion, it's cost function optimization. They're gonna blame landlords instead of the federal reserve for inflation and increasing the money supply to a million trillion dollars.Distribution of losses to shabis.
