[HN Gopher] Pricing software adds billions to rental costs, Whit...
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Pricing software adds billions to rental costs, White House says
Author : elorant
Score : 13 points
Date : 2024-12-19 20:54 UTC (2 hours ago)
(HTM) web link (www.axios.com)
(TXT) w3m dump (www.axios.com)
| bell-cot wrote:
| Um, yes?
|
| If they'd noticed (& done something about it) a few years ago,
| then Joe might not be facing eviction now.
| to11mtm wrote:
| On one hand this is a 'duh' thing...
|
| At the same time, It's worth digging deeper and asking questions
| as to why/how we are repeating mistakes.
|
| By that, I mean, We have seen historically, 'oopsies' and/or
| 'problematic patterns' around 'automated trading' and feedback
| loops that can result.
|
| TBH we are likely seeing similar impact in used car market.
|
| Possibly all done by people who couldn't hack it in algorithimic
| automated trading...
| FireBeyond wrote:
| To the users of this software, it isn't an oops at all, it's
| absolutely _desired behavior_.
|
| To hapless tenants, it is a negative. They're the _victims_ of
| the algorithm, not the users.
| asdasdsddd wrote:
| Disagree with algos being problematic. The crux of the issue is
| that vacancy needs to be taxed on rental units in high demand
| areas when its above a certain threshold.
| n4r9 wrote:
| The problem is not simply the use of algorithms. The problem is
| that the algorithm is coordinating prices for a large
| percentage of rented properties. It's effectively a cartel.
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