Reported 1 day ago
RealPage has filed a federal lawsuit against the city of Berkeley, California, challenging a new ordinance that seeks to ban landlords from using rental algorithms. The company claims the law violates its free speech rights and is based on misinformation regarding its practices, which are alleged to drive up housing costs. In response to similar laws passed in other cities, RealPage argues that the real cause of high rents is a lack of housing supply, not algorithmic pricing. The Department of Justice is also investigating RealPage for potential collusion in setting rental prices.
Source: YAHOO