Minneapolis Bans Algorithm Rent Pricing

This is a San Francisco news story, published by MSN, that relates primarily to Minneapolis City Council news.

San Francisco news

For more San Francisco news, you can click here:

more San Francisco news

real estate & housing news

For more real estate & housing news, you can click here:

more real estate & housing news

MSN news

For more news from MSN, you can click here:

more news from MSN

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like real estate & housing news, you might also like this article about

Minneapolis City Council

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest ordinance news, rental property news, real estate & housing news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

corporate landlords

Audacy

•

Business

Business & Economics

Minneapolis City Council passes ordinance banning corporate landlords from using algorithms to set rental rates

Summary

Nutrition label

80% Informative

Minneapolis City Council passes ordinance banning algorithm devices to set rental rates.

The move follows recent bans in San Francisco and Philadelphia that allow a "dynamic" pricing for rents based on vacancy and other factors.

Supporters say the ordinance also makes sense because federal watchdogs groups that worked to prevent monopolization and price-fixing in rental properties no longer exist.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful