Re:Facebook’s next project: American inequality
by sokoloff on Tuesday February 20, 2018 @12:28PM
(#16422068)
I agree with much of what you posted, but there is a lot of individual incentive to “defect” and rent your speculative/parked real estate. There is no need to rent “below market” for such supply to move the market clearing rent. Merely bringing more supply online tends to change the clearing price.
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Re:Facebook’s next project: American inequality
by pixl97 on Tuesday February 20, 2018 @09:21PM
(#16426334)
>but there is a lot of individual incentive to “defect” and rent your speculative/parked real estate.
Ah, look it's someone that has never rented property before.
a) You rent your house in a city in California. You figure out your renter is trash, and is trashing your house. You can't move them out for months and they do tens of thousands of property damage in the meantime.
b) You live in a city with rent price fixing.
c) You don't have time to manage the property, but have been burned by poor rental management companies.
Re:Facebook’s next project: American inequality
by sokoloff on Wednesday February 21, 2018 @09:46AM
(#16429784)
Your background investigation on me is flawed. I have rental property experience, mostly good but some including trashed by scum of the earth tenants.
Re:Facebook’s next project: American inequality
by AnthonyMouse on Tuesday February 20, 2018 @04:02PM
(#16424172)
> I agree with much of what you posted, but there is a lot of individual incentive to “defect” and rent your speculative/parked real estate.
Yeah, I don't really understand their justification either. But they are actually doing it for some reason.