Greystar, which manages nearly 950,000 apartments, has agreed to stop using “anti-competitive” algorithms to suggest rents. ProPublica previously showed how such software lets landlords set rents in a way that could result in cartel-like behavior.| ProPublica
Powerful interests, including a real estate tech company and private equity firms, are contributing to soaring rents.| ProPublica
After a ProPublica investigation, U.S. senators introduced a bill to curb “price fixing” linked to rent-setting software. “Setting prices with an algorithm is no different from doing it over cigars and whiskey in a private club,” said one sponsor.| ProPublica
The U.S. government is warning that smart locks securing entry to an estimated 50,000 dwellings nationwide contain hard-coded credentials that can be used to remotely open any of the locks. The lock's maker Chirp Systems remains unresponsive, even though it…| krebsonsecurity.com