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What doesn’t make sense is Democrats’ approach. The use of algorithmic pricing systems to help inform rent prices has nothing to do with price gouging. All these algorithms do is provide landlords with suggested prices based on existing information about the housing market. IfBalint and García’s concerns about housing supply also make very little sense. Sure, an algorithm can tell you that it doesn’t make financial sense to build a new apartment complex.
Increasing supply is the quickest way to drive down prices, but Democrats won’t go for that either. If they loosen up zoning restrictions, they risk alienating wealthy liberal homeowners who have no problem seeing low-income people get priced out of the market as long as their own property values go up.
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