Colorado legislation prevents the use of AI in rented houses

Things are quite harsh in the world of homes without irrational solutions, such as the ban on housing providers from internet consultation and artificial intelligence in managing their real estate. Yes, that’s exactly what Colorado’s band passed Home Bill HB25-1004. The legislation makes crime for housing providers to use online platforms to gather information during rent. To understand how far this legislation tries what is reasonable, let’s have a glass of lemonade.

As summer approaches, you and your friends decide to open a lemonade attitude. Do you spend time costing things out? Invoice lemons, sugar and maybe some interesting add salt wheels and herbal infusions. But there is a piece of data you don’t have. How much do other lemonades charge? Wondering, “Is there an app for this?” It turns out that there is and you control it. There you can see all the lemonade stands in your city and neighborhood. It is a useful piece of information and helps you set the price when you are considering your cost. What is nice is that because you are young, you can charge less than your competitor to the road charging $ 3 for a similar product. Because you have a good supplier, you will charge $ 2.65. Then a COP car pulls. It proves that you have committed a crime by advising the internet.

Here is the account with lemonade substitutions where needed. Read it and see if it makes sense.

The bill prohibits sale or distribution to examine an algorithmic device if:

• The algorithmic device is sold or distributed with the intention that it will be used by 2 or more lemonade areas in the same market or a relevant market to set or propose the amount of the price, the number of glasses or other commercial term associated with the sale and consumption of lemonade. and
• The device defines or recommends the price, how many glasses or other commercial term associated with the sale of lemonade based on data or analysis similar to each lemonade kiosk.

The bill also prohibits the use of an algorithmic device by a person to define or propose the price of lemonade, the number of glasses or other commercial term associated with the consumption of lemonade if:

• The person was aware of or had to know that another person used the algorithmic device to regulate or propose the value of the number of lemonade or other commercial term associated with the consumption of lemonade. and
• Circumstances indicate that the person adheres or participated in a plan to correct the price of lemonade, the number of glasses or other commercial term associated with the consumption of lemonade.

The bill also prohibits a person who deals with the service of service or products or products used to designate or propose the price of lemonade, the number of glasses or other commercial term associated with the consumption of lemonade by the use of non -public competitors related to the Algorith Competitors.

A violation is considered an illegal retention of trade or trade and is punished in accordance with the “Colorado State Antimony of 2023”.

You have customers who buy your product and the officer informs you that you have to stop because every time you sell a glass cheaper lemonade, you activate fines under the act against confidence ranging from $ 250,000 to $ 1,000,000 for each glass sold.

Ignorance can be a force, especially when it raises strategic questions. Why is the rent so high? How can we fix it? The answers to this question are obvious. When there is high demand for housing and there are few units, prices will rise. It’s so simple. To cope with high prices, the answer always goes back to how production can be increased as well as the variety of housing and location types. This is true for housing and lemonade and any other product they want to buy. And when people set a price for their product, they always look for the best data, including consultation with colleagues and the use of technology, to determine their prices. It is how the lemonade stands operates and any other business.

From this scripture, Governor Polis has signed the legislation but is Asking for delay in application. And what is true is that Rents have been reduced to ColoradoFalling, on average in the largest city in the state, Denver, from $ 1,875 to $ 1,819. Denver vacancies are up to 7%, which is usually the standard vacancy rate taken into account for most of the Propor Pro Formas. If this is the average in Denver, this means that many apartments have higher rates of vacancy. With higher vacant rates, lower prices come.

The assembly either does not understand how the world works, or it does not want to learn, or worse, is not interested. It seems that Governor Polis understands that although he signed the bill, he will not make sense to implement it. After all, the new law is great. But it could be worse than that, blind housing providers from price information that could really help them lower Their prices at a time when competition between owners to fill vacant apartments will benefit consumers. This is how markets work. And more information is better for everyone, whether housing or lemonade.