New Hampshire Renters Face AI-Driven Price Hikes, Sparking Legislative Action and DOJ Scrutiny
Renters in New Hampshire are increasingly encountering rent prices determined by artificial intelligence (AI) and algorithmic software, leading to significant frustration and concerns about potential price fixing. Jacqueline Plante, a physical therapist in Portsmouth, experienced this firsthand when her lease renewal offered varying prices based on lease duration, with identical apartments in her complex listed at lower rates for new tenants. Her property management company, Forest Properties Inc., attributed these discrepancies to AI revenue management software. This situation is not isolated, as experts indicate many renters in New Hampshire are affected. Nationally, the Department of Justice (DOJ) has settled with at least four corporate landlords and one software company, including RealPage, Greystar Management Services, and Willow Bridge Property Company, for using algorithms and private data to set rent prices in ways that violate federal antitrust laws. These settlements required companies to cease ...