Summary:
- The article discusses a new law in New York that bans the use of software to automatically raise rent prices. This software, called "rent-price fixing" software, was being used by landlords to quickly and frequently increase rents without justification.
- The new law aims to protect tenants from these unfair rent hikes by making it illegal for landlords to use this type of software. This will help keep rents more affordable and stable for people living in New York.
- The article explains that this law is part of a broader effort in New York to address the city's housing affordability crisis and ensure that residents can continue to live in their homes without facing unreasonable rent increases.