"Santa Ana's ordinance prohibits landlords from using software tools that help recommend rental rates appropriate for market conditions, despite warnings from critics about misunderstandings of these tools."
"Blaming technology that helps property managers deflects from the real issue: an acute shortage of housing, where supply lags behind demand, causing prices to rise."
"Onerous levels of regulations in California have been an ongoing obstacle to the housing supply that Californians need, complicating efforts to promote affordable housing."
California faces a housing affordability crisis exacerbated by city ordinances banning rent-pricing algorithms. Santa Ana's recent ordinance prohibits landlords from using software that helps set rental rates based on market conditions. Critics warn this misunderstanding of technology could lead to litigation. Similar measures in San Francisco and San Diego reflect a trend of blaming technology for high rents, while the real issue is a significant housing shortage. Increased supply is essential to lower prices, yet regulations continue to hinder housing development.
Read at Los Angeles Times
Unable to calculate read time
Collection
[
|
...
]