Urging The Attorney General To Investigate The Extent To Which Algorithmic Price-setting And Price-fixing Practices Are Being Used In The State's Rental Housing Market.
Impact
The resolution calls for a comprehensive investigation into whether property management software is contributing to anti-competitive behaviors in the rental market. This includes assessing the role of algorithms in determining rental prices and whether these practices are harming consumers by raising rental costs. If significant evidence is found, it could prompt legislative changes aimed at regulating algorithmic practices in real estate, thereby enhancing competitiveness and affordability in the housing market.
Summary
House Resolution 171 urges the Attorney General of Hawaii to investigate the potential misuse of algorithmic price-setting and price-fixing practices within the state's rental housing market. Given that Hawaii faces a significant affordable housing crisis, with the highest median rent in the country, legislative attention has turned to how technology may be exacerbating these issues. The resolution draws attention to findings that suggest a substantial portion of renters are cost-burdened, spending over 30% of their income on housing, and concerns that landlords may collude to inflate prices using property management software.
Contention
A notable point of contention surrounding this issue is the balance between technology's benefits and its potential to create monopolistic practices. On one hand, the advancement of technology has made property management more efficient; on the other hand, reliance on algorithms could dismantle market competitiveness, leading to inflated rents and exacerbating the housing crisis in Hawaii. The resolution seeks to find data-driven insights to inform future regulatory actions that could ensure a fairer housing market for residents.
Same As
Urging The Attorney General To Investigate The Extent To Which Algorithmic Price-setting And Price-fixing Practices Are Being Used In The State's Rental Housing Market.
Urging The Department Of The Attorney General To Investigate And Enforce Applicable Laws Against Landlords Who Are Ending Rental Agreements To House Fema-eligible Households Through The Direct Lease Program Or The Department Of Human Services Rental Assistance Program.
Urging The Department Of The Attorney General To Investigate And Enforce Applicable Laws Against Landlords Who Are Ending Rental Agreements To House Femaeligible Households Through The Direct Lease Program Or The Department Of Human Services Rental Assistance Program.
Urging The Hawaii Housing Finance And Development Corporation To Amend The Priority For Which Low-income Housing Tax Credits Are Allocated And Moneys In The Rental Housing Revolving Fund Are Used And To Adopt Certain Administrative Rules That Incentivize The Development Of Affordable Housing In The State.
Urging The Hawaii Housing Finance And Development Corporation To Amend The Priority For Which Low-income Housing Tax Credits Are Allocated And Monies In The Rental Housing Revolving Fund Are Used And Adopt Certain Administrative Rules That Incentivize The Development Of Affordable Housing In The State.
Urging The Hawaii Housing Finance And Development Corporation To Prioritize The Allocation Of Funds From The Rental Housing Revolving Fund, Dwelling Unit Revolving Fund, And Low-income Housing Tax Credits For Projects That Will Make The Most Efficient Use Of Taxpayer Funds And Address The Most Urgent State Priorities.
Urging The Hawaii Housing Finance And Development Corporation To Prioritize The Allocation Of Funds From The Rental Housing Revolving Fund, Dwelling Unit Revolving Fund, And Low-income Housing Tax Credits For Projects That Will Make The Most Efficient Use Of Taxpayer Funds And Address The Most Urgent State Priorities.
Urging The Department Of Commerce And Consumer Affairs, In Collaboration With The Department Of The Attorney General, To Investigate And Regulate The Sale Of Tickets To Live Entertainment Events Under Its Authority To Protect Consumers Against Unfair Or Deceptive Acts Or Practices In The Conduct Of Any Commerce.
Urging The Department Of Commerce And Consumer Affairs, In Collaboration With The Department Of The Attorney General, To Investigate And Regulate The Sale Of Tickets To Live Entertainment Events Under Its Authority To Protect Consumers Against Unfair Or Deceptive Acts Or Practices In The Conduct Of Any Commerce.
Requesting The Attorney General To File A Lawsuit Against Big Oil Corporations For Climate Damages To The State And Engage A Third-party Law Firm That Has Expertise In This Legal Area.
Requesting The Attorney General To File A Lawsuit Against Big Oil Corporations For Climate Damages To The State And Engage A Third-party Law Firm That Has Expertise In This Legal Area.
Urging The Attorney General To Investigate The Extent To Which Algorithmic Price-setting And Price-fixing Practices Are Being Used In The State's Rental Housing Market.