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Canadian mega landlord using AI ‘pricing scheme’ as it massively hikes rents (breachmedia.ca)

submitted 2 months ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.ca/post/28449417

Canadian mega landlord using AI ‘pricing scheme’ as it massively hikes rents

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[–] [email protected] 1 points 1 month ago

Just Economists. Rent control accomplishes a very limited amount of goals in an non-ideal way. There's plenty of information available on the internet about the downfalls but it basically all comes down to landlords looking to maximize their returns and doing everything possible to avoid rent control and enshittify things for those already in rent control while at the same time halting private development of any new apartments because they can get greater returns elsewhere...so housing options conversely become more scarce.