UBI Would Likely Increase Poverty Rather Than Reduce It (2019)

Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by ISL on Monday October 10, 2022 @06:53PM (#33157363)

I don't think people think about rental pricing from first principles. In general, they look around, see what everyone else is charging, maybe nudge it up a bit, and charge that. If they don't get any tenants, they lower the rate until someone leases the apartment.

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Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by haswell on Monday October 10, 2022 @07:03PM (#33157433)

I don’t think it’s necessary to be aware of those principles to participate in them.

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Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by vineyardmike on Tuesday October 11, 2022 @04:20AM (#33160706)

Small landlords may do that… but how does “everyone else” price?

If you set price to low, you’re leaving money on the table, price too high and you won’t find a tenant. Price high (but not too high), it may take longer to find a tenant (more lost rent), price low and you’ll get lower income tenants (who will be more likely to miss rent, because they’re less likely to be non-salary workers). The rents will “naturally” trend to a rate that is affordable but budget-filling of the desirable demographic -in a big city that’s well paid office workers who move a lot.

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