Re:Priced out of home ownership – 'It makes me want to throw...
by AlexandrB on Monday May 27, 2024 @08:22PM
(#40496130)
You're literally describing something that happened - with a fig leaf of "algorithm" to (unsuccessfully) try to keep things legal.
https://www.propublica.org/article/yieldstar-rent-increase-r...
Re:Priced out of home ownership – 'It makes me want to throw...
by SV_BubbleTime on Monday May 27, 2024 @08:41PM
(#40496252)
That sure seems like an article written to rile people up who want to be riled up.
Let’s use simple reason here…
If there isn’t enough supply, rates will go up, coordination or not.
If there is no supply issue, landlords who conspire to raise rents will be immediately undercut by those that do not.
Article makes allegations, and nothing came of them. It’s not illegal to call and ask prices. Prices that they’re “agreeing on” were all what people were paying.
Re:Priced out of home ownership – 'It makes me want to throw...
by _gabe_ on Tuesday May 28, 2024 @09:32AM
(#40500582)
Is the FTC unbiased enough for you?[0]. This is a real problem. Many landlords use the same software to determine how much to charge, this software is intended to maximize rent by fixing the price.
[0]: https://www.ftc.gov/business-guidance/blog/2024/03/price-fix...
Re:Priced out of home ownership – 'It makes me want to throw...
by NoGravitas on Tuesday May 28, 2024 @10:51AM
(#40501268)
Or Business Insider?
https://www.businessinsider.com/apartment-rent-increases-lan...
Re:Priced out of home ownership – 'It makes me want to throw...
by SV_BubbleTime on Tuesday May 28, 2024 @02:05PM
(#40503612)
My man. BusinessInsider is not a real publication.
It’s a blog that pretends it is real. You couldn’t pick a worse example. FYI
lol. Yes, I remember at the 2022 landlords meeting we all decided to raise rents… because we never thought of that before!!
Surely it has nothing to do with taxes and inflation, no, as a renter you should be shielded from that and we should pay it without passing it on!