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Enlarge / View of San Francisco with Russian Hill in the background. (credit: Getty Images | Terraxplorer)
San Francisco's Board of Supervisors this week approved a ban on software that is allegedly used by landlords to collude on rent prices. Board of Supervisors President Aaron Peskin recently proposed what his office called "the first local ordinance in the country banning the sale or use of software which enables price collusion among large corporate landlords for the purpose of rent-gouging."
The ordinance was approved on a first reading by a 10-0 vote by the board on Tuesday. It still needs to pass a final vote scheduled for September 3, Bloomberg wrote.
The ban targets software companies RealPage and Yardi. "RealPage has exacerbated our rent crisis and empowered corporate landlords to intentionally keep units vacant. So we're taking action locally to ensure our working renters can afford to live here," Peskin said.
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