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If my landlord raises my rent to match the UBI I’m getting then I’m going to move to the Apartment down the street that DIDN’T raise their rents because I FINALLY can afford to do that! Or are you saying that Landlords are ILLEGALLY colluding with one another to ensure Rent remains high? If that’s the case why are you bringing up UBI?

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SkybreakerEngineer@lemmy.world ⁨9⁩ ⁨months⁩ ago
Because they actually are illegally colluding. UBI is a proposal to address a lot of stuff, not just rent

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- chicken@lemmy.dbzer0.com ⁨9⁩ ⁨months⁩ ago
  
  “In the absence of knowledge about competitors’ pricing strategies, property managers can only make their best educated guesses and set their prices at optimal positions, usually a bit lower than what offered by competitors—to attract renters in the market,” the lawsuit argues.
  
  The complaint quotes Yardi marketing materials that say landlords who use the service “beat the market by a minimum of 2%” and “gain on average more than 6% net rental income.”
  
  This is a problem, but the claim made in the lawsuit is pretty far from saying that the market might as well not exist and this company is able to arbitrarily choose prices, they’re talking about a slight edge gained by shared information.
  
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painfulasterisk1@lemmy.ml ⁨9⁩ ⁨months⁩ ago
I compare landlords to gas stations, if one increases the cost of gasoline for 0.20 USD overnight, believe me that the one less than a block away will follow suit in less than 6 hours.

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- throwwyacc@lemmynsfw.com ⁨9⁩ ⁨months⁩ ago
  Only if the price is actually increasing. Otherwise you’d just sell cheap petrol and put them out of business
  
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  - APassenger@lemmy.world ⁨9⁩ ⁨months⁩ ago
    You’d go up at least 10 cents. Still worth it to cross the street, but more profit while it’s available.
    
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    throwwyacc@lemmynsfw.com ⁨9⁩ ⁨months⁩ ago
    Right, but the in order for the other station to not go out of business they have to match. But are incentivised to beat that price by a further 10c to increase the amount of business they get See where I’m going?
    
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Kinglink@lemmy.world ⁨9⁩ ⁨months⁩ ago

Or are you saying that Landlords are ILLEGALLY colluding with one another to ensure Rent remains high?

No… I’m saying that a Landlord can read a paper and know that people have an extra 1000 dollars, so they can raise their rent 330/660/ or real dickbags 1000 dollars since you now have extra money.

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- Iamdanno@lemmynsfw.com ⁨9⁩ ⁨months⁩ ago
  One thing nobody ever considers about landlords. . . It costs them a considerable amount of money for their property to be empty. Most of them will accept slightly lower rents to keep the property occupied constantly. This cost avoidance ensures that there are always landlords at below market value, thus keep the higher rents in check.
  
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  - Kinglink@lemmy.world ⁨9⁩ ⁨months⁩ ago
    
    Most of them will accept slightly lower rents to keep the property occupied constantly.
    
    They might, but Demand is high enough in California they’re still raising rates. Demand doesn’t change because of this. Supply doesn’t change. But the amount of available cash that a rents has will have changed, which means the market will change accordingly.
    
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