The Portland City Council got an earful Wednesday regarding its proposal to ban algorithmic rent-setting software.
Councilors received public testimony on a proposed ordinance that would prohibit the use and sale of “algorithmic devices” to set apartment rents or manage occupancy levels.
Testimony was split between tenants who said they’re struggling with repeated rent increases and landlords and other real estate professionals who cast the ordinance as unworkable and harmful to a stricken real estate industry…