Seems a stretch to compare the two here…
Not sure how this impacts sales prices. I know gas station owners first hand who pre-everything-being-online were asking for reports of gas prices in neighboring towns to adjust their prices.
>buy it the once and lock in customers… nothing stops me from going across the street for my next 12 gallon purchase.
How often do rental prices get adjusted and how often do tenants move? The frequencies anecdotally seem not that disconnected.
The only reason we are arguing about any of this is because housing supply is super short because of broken zoning and permitting. Build more and take market power away from suppliers!
person a: we should hold ultra wealthy landlords who own hundreds of units accountable when they do bad things that make the real estate market worse for everyone else
person b: well what about my hypothetical grandma? she rents out a unit that is the second floor of her house. she doesn't know how to use the internet and so she is completely outside of the scope of topic at hand, but are you seriously saying that she should be punished just for adjusting prices for inflation? besides, if rent is so high, why can't these people just buy houses?
Are these "landlords" ultra wealthy or are these property management firms that manage other people's property (like the grandma's from scenario b) or are they real estate investment firms that operate with other people's (maybe even your 401k's) money?
The problem with housing is that the sellers' supply is limited, those that don't go along with the minimum pricing scheme quickly go to 100% occupancy.