Reposted by mollie bryant
NEW: When a Providence couple got their rent renewal in March, they were shocked by the 44% increase to their $2,550 rent
If they wanted to go month-to-month? $14,398
The city is now going after their landlord for algorithmic price fixing, which was banned last year
Read more:
bostonglobe.com
A 44% rent increase? Providence goes after landlord accused of using price-fixing software - The Boston Globe
Audubon Capital Partners is the first landlord to face fines under the city’s relatively new ordinance banning rental price algorithms.