Your music playlist and your apartment rent have more in common than meets the eye because both often are determined using algorithms.
Montgomery County, Maryland, recently joined a growing number of jurisdictions restricting rent-setting algorithms. As these laws take effect, landlords may find themselves basing rents on their own old-fashioned market surveys, secret shoppers, and knowledge of the local market.
While algorithms can provide quick answers, they aren’t always the best answers. Playlist algorithms may impede a listener who wants to explore new artists and genres, and rent-setting algorithms may violate antitrust laws and are increasingly being outlawed outright.
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