Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 9 months agoTwo-thirds of Canadian and American renters are in unaffordable housing situationstheconversation.comexternal-linkmessage-square6fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkTwo-thirds of Canadian and American renters are in unaffordable housing situationstheconversation.comLee Duna@lemmy.nz to News@lemmy.worldEnglish · 9 months agomessage-square6fedilink
minus-squareBye@lemmy.worldlinkfedilinkarrow-up0·9 months agoDoesn’t the market set the price? Like supply and demand? It seems to me like if there were a lot of housing being built, the landlord couldn’t charge as much.
minus-squareEvrala@lemmy.worldlinkfedilinkarrow-up0·9 months agoCurrently there is a lot of price fixing going on. Landlords use software to set the rate. They really like it because it allows them to point to the machine to remove empathy from the equation.
minus-squareEssentialCoffee@midwest.sociallinkfedilinkEnglisharrow-up0·9 months agoI know some landlords in a nice area. They didn’t raise rent on their renters because they were nice folks. Kept the house around $800 for them. The renters died and they wanted to re-rent, so they looked at the prices in the area and set rent at $1200+. Note: the $800/month paid all of the bills, upkeep, plus some to pocket. So now it’s $400+ in their pockets. It’s just price gouging at this point.
minus-squaretsonfeir@lemm.eelinkfedilinkarrow-up0·9 months agoDang. I pay $2400 for a one bedroom apartment.
Doesn’t the market set the price? Like supply and demand?
It seems to me like if there were a lot of housing being built, the landlord couldn’t charge as much.
Currently there is a lot of price fixing going on. Landlords use software to set the rate. They really like it because it allows them to point to the machine to remove empathy from the equation.
I know some landlords in a nice area. They didn’t raise rent on their renters because they were nice folks. Kept the house around $800 for them.
The renters died and they wanted to re-rent, so they looked at the prices in the area and set rent at $1200+.
Note: the $800/month paid all of the bills, upkeep, plus some to pocket. So now it’s $400+ in their pockets. It’s just price gouging at this point.
Dang. I pay $2400 for a one bedroom apartment.