Re:Rent Going Up? One Company’s Algorithm Could Be Why
by Vt71fcAqt7 on Sunday October 16, 2022 @03:07PM
(#33226284)
Is it flaimbait to discuss demand in a discussion about supply?
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Re:Rent Going Up? One Company’s Algorithm Could Be Why
by codefreeordie on Monday October 17, 2022 @12:12PM
(#33235639)
Depends on whether or not your post offends the narrative. When it does the narrative enforcer comes out.
Re:Rent Going Up? One Company’s Algorithm Could Be Why
by anigbrowl on Wednesday October 19, 2022 @02:41PM
(#33266219)
It is when you oversimplify a complex issue. There might have been a good point were there an absolute shortage of housing, but there isn't. Much of the scarcity in the housing market is wholly artificial, and blaming immigrants or restricting their arrival would have absolutely zero impact on landlords' propensity to extract economic rents without providing any additional value.
Re:Rent Going Up? One Company’s Algorithm Could Be Why
by Vt71fcAqt7 on Wednesday October 19, 2022 @09:08PM
(#33269738)
>zero impact on landlords' propensity to extract economic rents without providing any additional value.
That isn't what's causing the problem. It's that demand is greater than supply. Rent is lower in rural areas becuase nobody wwnts to live there. Even if rent was free you would have the same problem that there simply isn't enough housing. Immigrants almost invariably live in cities, and they do drive up prices.