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RealPage, landlords and tenant advocates clash at committee over motion to study algorithmic rent-setting
Summary
Dozens of public commenters urged the committee to act on a motion to study or ban algorithmic pricing tools used by landlords; industry groups argued the technology is a management tool and urged caution before any ban.
The committee heard extended public comment on a motion asking the Los Angeles Housing Department to report on how many ownership and management companies use algorithmic software to set rents and the feasibility of a ban.
The item (agenda Item 13) is a staff report request rather than an ordinance; it will return to the committee as a report. Dozens of speakers took opposing views at the meeting: tenant advocates said algorithmic pricing software has facilitated illegal rent spikes after the recent fires, while property-industry groups said the tools are research and management products whose…
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