Comment on Rents Are Moderating. So Why Isn’t That Showing Up in Inflation Data?

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Letstakealook@lemm.ee ⁨2⁩ ⁨years⁩ ago

The rate of increase might be going down, but that doesn’t mean much when they have increased so astronomically to begin with. Additionally, the goal of this software is to create the highest number of prospective renters at a single time. For instance, I signed my current lease for nine months at about $1200 per month (the cheapest option), while a year was $1700 a month. When I asked about this large Discworld, especially for the longer term, I was told the software calculates the number of leases ending at a specific term (across all locations using the software) and offers the cheapest option for the term with the most leases ending. It’s completely designed to create massive demand to either force tenants to accept the next large increase or have to pay moving costs and still pay significantly more.

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