Re:We replaced rental brokers with software and filled 200 v...
by colinmhayes on Thursday July 08, 2021 @04:48PM
(#27777409)
Again, it depends on elasticities. Businesses can't just raise prices and expect demand to remain at old levels. People quickly substitute goods and services in the face of price changes. In the case of mcdonalds price increases cause people to cook or eat food that doesn't need to be prepared. In the case of rent, supply is fixed, so landlords are already charging monopoly prices. There is very close to zero wiggle room for landlords to raise prices.
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Re:We replaced rental brokers with software and filled 200 v...
by yunohn on Thursday July 08, 2021 @05:13PM
(#27777683)
> There is very close to zero wiggle room for landlords to raise prices.
This is disproved very easily by reality - most places have increasing rent YoY. Same goes for house prices.
Because of low supply and large demand, like you say, landlords can charge monopoly prices. Not sure why you claim they don’t go up?
Re:We replaced rental brokers with software and filled 200 v...
by colinmhayes on Thursday July 08, 2021 @05:19PM
(#27777736)
Rental demand in desirable areas keeps going up as wealth inequality increases and yuppies continue to want to live in urban areas.
Re:We replaced rental brokers with software and filled 200 v...
by kd0amg on Friday July 09, 2021 @10:57AM
(#27784340)
> This is disproved very easily by reality - most places have increasing rent YoY. Same goes for house prices.
All this proves is that evolving market conditions lead to changes in price. Try charging 2030's market-rate rent in 2021, and see how many offers you get.