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How much will the average rent in San Francisco change by end of 2024 due to the rent-setting software ban?
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San Francisco housing market reports and rental price data
Story
San Francisco Passes Landmark Municipal Ban on Automated Rent-Setting Software on Tuesday
Jul 31, 2024, 06:25 AM
The San Francisco Board of Supervisors has passed a first-in-the-nation municipal ban on Tuesday, prohibiting landlords from using automated rent-setting software such as RealPage. The new regulation aims to address issues related to rising rents, restricted housing supply, and increased eviction rates. Supervisor Aaron Peskin, who proposed the ban, emphasized that the policy is designed to protect working renters and serve as a model for other cities. The ordinance targets software and algorithms that have been criticized for exacerbating the rent crisis and empowering corporate landlords to keep units vacant intentionally.
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