Many metro Denver tenants paid more than $1,600 in additional rent in 2023 because of a profit-maximizing algorithm that Colorado lawmakers unsuccessfully tried to ban earlier this year, according to a new report issued by the White House. The White House’s Council of Economic Advisers found that American tenants who live in apartments that use the algorithm paid $70 more per month, on average, than other renters.

BING NEWS:
  • Metro Denver renters pay $136 extra each month when landlords use rent-setting software, report says
    Many metro Denver tenants paid more than $1,600 in additional rent in 2023 because of a profit-maximizing algorithm that Colorado lawmakers unsuccessfully tried to ban earlier this year, according to ...
    12/31/2024 - 12:00 am | View Link
  • Rent-Setting Algorithms Added $3.8B To Tenants' Bills In 2023
    Programs like RealPage's AI Revenue Management tool have empowered landlords to push up rents, according to the White House Council of Economic Advisers.
    12/18/2024 - 4:50 am | View Link
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