Re:Airbnb dominated by professional landlords
by chii on Monday August 07, 2017 @01:22AM
(#14945485)
> jack the rent well above market price
if the renter is able to accept the "jacked up" price, then by definition that's the market price (for that property). The renter needs to move if they don't like the price. The landlord also don't like vacant properties, and is perhaps eager to not "jack up" the price if they find that the tenant moves as soon as they do!
Re:Airbnb dominated by professional landlords
by wpietri on Monday August 07, 2017 @08:49PM
(#14952564)
It is not the market price, because the only person who will pay it is the one who's eager to avoid moving. Everybody else will pay a lower price, because they have already committed to moving.
if the renter is able to accept the "jacked up" price, then by definition that's the market price (for that property). The renter needs to move if they don't like the price. The landlord also don't like vacant properties, and is perhaps eager to not "jack up" the price if they find that the tenant moves as soon as they do!