Viewing a single comment thread. View all comments

George4Mayor86 t1_j7uyw78 wrote

Clearly we need to keep strangling supply, it’s working so well to stop gentrification /s

99

[deleted] t1_j7v5wop wrote

[deleted]

37

George4Mayor86 t1_j7v6mcw wrote

Weird how landlords in Austin and Buffalo all happen to be better, less greedy people than ones in Boston and New York.

44

[deleted] t1_j7vc3lr wrote

[deleted]

27

George4Mayor86 t1_j7vd75l wrote

See also: vacancy taxes. They’re fine, they just don’t do much and they virtually always come up as a deflection from serious policy.

10

pddkr1 t1_j7vm5gf wrote

This was one of the most pleasant and enlightened exchanges I’ve seen on this sub. Kudos to both of you.

7

lokitoth t1_j8dy4py wrote

> they just don’t do much

Is there some good reading on this? I am wondering what breaks the mechanism in this case.

1

gigawort t1_j7wad58 wrote

I'm dubious about it being the cause. Less than 2% of the units use that one company's software, and I can't imagine it would have this kind of outsized effect we've seen in the past 2 years.

I would like to see a chart of average square feet rented per person over time. I suspect that might be telling, but I don't know if that data is available.

7

[deleted] t1_j7wb4ga wrote

[deleted]

4

gigawort t1_j7wcst6 wrote

Sorry, I know, it wasn't really directed at you. Just everyone in general.

5

myassholealt t1_j7vcw6b wrote

Yes, because those two things are exactly what every claims.

I swear you people love making shit up to argue against. And I don't get why you people refuse to acknowledge the fact that rents will always keep going up because there will always be people willing to pay the asking price. it's also comical that you're comparing Buffalo and Manhattan real estate.

I can't even say you've lost the plot cause it doesn't sound like you've ever held it.

−20

George4Mayor86 t1_j7vdc2x wrote

Why doesn’t every landlord raise rent to a million dollars a month? Demand is very high in New York, but it’s still finite at a given price point.

19

myassholealt t1_j7x43dt wrote

>Why doesn’t every landlord raise rent to a million dollars a month

Going to the extreme to refute a point. Solid strategy. That 'given price point' is unaffordable for a lot of people. Unless that example above of a $2K increase is totally reasonable. And all the new buildings around him will charge 5K+ too, cause that old place is charging $5K, but we're offering completely brand new with shiny new appliances and finishes. So surely you will have to pay more here. And on and on and on.

That owner will find someone with deep pockets to rent it.

−6