A significant concern has arisen in San Jose regarding the use of artificial intelligence by corporate property owners to inflate rent prices, placing financial burdens on renters. Housing advocates have voiced their worries, stating that the technology is being utilized to manipulate rental markets to the detriment of tenants. In response, Councilmember Peter Ortiz has put forth a policy proposal aimed at regulating the sale and usage of “algorithmic devices” that influence rent setting and home occupancy levels. This proposed policy seeks to protect renters from potential exploitation and ensure fair housing practices in the city. Ortiz's initiative is part of a growing movement among local governments to address the challenges posed by rising housing costs and the role of technology in these dynamics.

The implications of these developments could resonate beyond San Jose, as cities nationwide grapple with similar issues. As discussions unfold, advocates remain hopeful that the proposed regulations will lead to a more equitable housing landscape. The outcome of this proposal may set a precedent for other municipalities facing the intersection of technology and housing affordability.