The White House’s new housing report completely ignores the underlying dynamics, choosing instead to scapegoat the market tools property owners use to set rents.
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The recently released White House report blaming computer software for the massive increases in rental prices that Americans have suffered over the past four years is best described as a self-serving whitewash.
This report claims that algorithmic pricing software, used by property owners to set a market price for their rental properties, has artificially inflated rents. But this analysis conveniently ignores the primary culprit — the Federal Reserve’s dovish monetary policy and the Biden administration’s reckless economic agenda.
