Re:Algorithmic price-fixing of rents is here
by programjames on Saturday August 10, 2024 @09:01PM
(#41213290)
This is only irrational for the landlords, not the software suggesting prices to them. If you churn 10% of your units, but prices go up by 20%, then you're making more money as a rental management company.
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Re:Algorithmic price-fixing of rents is here
by Jensson on Saturday August 10, 2024 @09:48PM
(#41213478)
Another point is how rents affect real estate prices, even if an apartment stays empty for a year if that makes the value go up of said apartment by $20k then that was still worth it.
A single apartment wont have that effect, but when most landlords does that then the value of their assets will go up, and that value increase will probably outpace any lost rent income.