Algorithmic price-fixing of rents is here

Re:Algorithmic price-fixing of rents is here by lesuorac on Saturday August 10, 2024 @09:15PM (#41213337)

I find it crazy when rent goes up but they're still offering new renters a month+ off and then when you talk to the front office they're like "we don't negotiate". Well, one of us tried.

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Re:Algorithmic price-fixing of rents is here by Jensson on Saturday August 10, 2024 @09:54PM (#41213502)

It isn't crazy, the value of the apartment is related to how high the rent is.

Think like this, if their asset is worth 400x the rent they would rather increase rent and give you temporary rebates than to ever reduce rent. Reducing rent by 100$ would cost them $40k, not something they would wanna do.

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Re:Algorithmic price-fixing of rents is here by im3w1l on Sunday August 11, 2024 @09:52AM (#41216148)

Why does the asset value model not take the rebates into account though? They are gaming the system and tenants suffer.

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Re:Algorithmic price-fixing of rents is here by positr0n on Sunday August 11, 2024 @01:27PM (#41217786)

Is this really true? Any sane person buying a business or evaluating creditworthiness looks at revenue and expenses, not just "mmm ok 400x rent" and call it a day.

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