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What will be the impact of the ban on automated rent-fixing technology on average rental rates in San Francisco by the end of 2024?
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Story
San Francisco Implements First-in-the-Nation Ban on Automated Rent-Fixing Technology
Jul 31, 2024, 12:25 AM
The San Francisco Board of Supervisors has approved a groundbreaking ordinance on Tuesday banning landlords from using automated rent-fixing technology. This makes San Francisco the first city in the United States to implement such a ban. The first-in-the-nation ordinance, proposed by Supervisor Aaron Peskin, aims to address the rising rent issues in the city, where some landlords have been using AI and algorithms to set higher rental rates. The decision reflects growing concerns over the impact of technology on housing affordability.
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