Showing posts with label housing. Show all posts
Showing posts with label housing. Show all posts

Tuesday, December 3, 2024

Landlords are using AI to raise rents — and California cities are leading the pushback

By Wendy Fry


California and federal prosecutors have accused software company RealPage of enriching itself ”at the expense of renters who pay inflated prices.”

If you’ve hunted for apartments recently and felt like all the rents were equally high, you’re not crazy: Many landlords now use a single company’s software — which uses an algorithm based on proprietary lease information — to help set rent prices.

Federal prosecutors say the practice amounts to “an unlawful information-sharing scheme” and some lawmakers throughout California are moving to curb it. San Diego’s city council president is the latest to do so, proposing to prevent local apartment owners from using the pricing software, which he maintains is driving up housing costs.

Wednesday, August 7, 2024

Lack of eviction data obscures extent of the affordable housing crisis

By Robbie Sequiera  

Court records on eviction filings vary widely, don’t include the outcome and miss informal actions.

Evictions are a window into America’s rental housing crisis: In 2022, more than half of all renters spent over a third of their income on housing, and millions of tenants who miss rent payments are evicted each year.

When renters are kicked out of their homes, the consequences can be disastrous. Families might lose their possessions when they are piled on the sidewalk, or can’t afford the fee to get them out of storage. Children might have to switch schools, and studies show that evictions often lead to job loss and depression.