sanitation@lemmy.today to Technology@lemmy.worldEnglish · 7 hours agoNew Jersey bans algorithmic rent pricing, targets software that pools nonpublic rent and occupancy data across landlordswww.housingwire.comexternal-linkmessage-square6fedilinkarrow-up1144
arrow-up1144external-linkNew Jersey bans algorithmic rent pricing, targets software that pools nonpublic rent and occupancy data across landlordswww.housingwire.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 7 hours agomessage-square6fedilink
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up9·6 hours agoThis is an antedote to a bad policy, not a good policy. A good policy would be “Rent Freeze, until we can figure out what’s going on” followed by “Rent Control as statewide policy, since you fuckers want a cartel so badly”
minus-squareFluffy Kitty Cat@slrpnk.netlinkfedilinkEnglisharrow-up2·1 hour agoGiven how the “market rate” is not a market but a Cartel rate, rents should be force-reset lower and free market discovery proceeds from there.
This is an antedote to a bad policy, not a good policy.
A good policy would be “Rent Freeze, until we can figure out what’s going on” followed by “Rent Control as statewide policy, since you fuckers want a cartel so badly”
Given how the “market rate” is not a market but a Cartel rate, rents should be force-reset lower and free market discovery proceeds from there.