Part 7/11:
The speaker notes that Seattle is not alone in its misguided approach. He lists several other progressive cities—San Francisco, Philadelphia, Minneapolis, Hoboken, and Providence—that have either banned or restricted rental software. Despite similar regulatory environments and housing crises, these cities have not seen rent decreases. Instead, rent prices continue to climb due to ongoing regulatory constraints and supply shortages.
This pattern suggests that banning rental software is ineffective and distracts from addressing the real issues affecting affordability.