Landlords' usage of proprietary price-setting algorithms are the subject of several antitrust lawsuits by the feds and other jurisdictions nationwide.

How much has that impacted rental prices in #Chicago?

A great intro from my WBEZ colleagues Amy Qin and Angela Padejski:
https://www.wbez.org/data/2024/10/22/chicagos-rental-crisis-is-an-algorithm-rigging-the-system

#Housing #RentalPrices #HousingAffordability #AlgorithmicTransparency #AlgorithmicAccountability

Chicago’s rental crisis: Is an algorithm rigging the system?

RealPage tells landlords that “a rising tide raises all ships,” but lawsuits allege the company’s algorithm drowns tenants in soaring rents.

WBEZ