We replaced rental brokers with software and filled 200 vacant apartments

Re:We replaced rental brokers with software and filled 200 v... by IggleSniggle on Thursday July 08, 2021 @01:13PM (#27774981)

Not quite; some of this is about moving wealth around, changing the captured value to favor the buyer instead of the seller.

But that’s just the “efficient market” part of this. A fee like this could very well be an inefficient rent-capture that has managed to make its removal more expensive in the short-term than the short-term cost of allowing it to remain. Said less charitably, it’s a racket.

I would have thought that on HN of all places, where so many folks are attempting “disruption” (ie finding these unnecessary market inefficiencies and stepping around their cultural/legal/systemic barriers in order to reap some of the otherwise captured value), this would be better understood.

[ Parent | on HN ]

Re:We replaced rental brokers with software and filled 200 v... by EricE on Thursday July 08, 2021 @01:54PM (#27775558)

lol - one way or another the buyer is paying for it. If sellers operate at a loss for too long, they won't have that thing to sell any more :p

Overhead is overhead. Trying to pretty it up with fancy language like "moving wealth around" and "changing captured value" doesn't alter the fundamental economics.

[ Parent | on HN ]