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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BigMacHole@lemm.ee 3 months ago
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?
painfulasterisk1@lemmy.ml 3 months ago
throwwyacc@lemmynsfw.com 3 months ago
Only if the price is actually increasing. Otherwise you’d just sell cheap petrol and put them out of business
APassenger@lemmy.world 3 months ago
You’d go up at least 10 cents. Still worth it to cross the street, but more profit while it’s available.
throwwyacc@lemmynsfw.com 3 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?
Kinglink@lemmy.world 3 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.
Iamdanno@lemmynsfw.com 3 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.
Kinglink@lemmy.world 3 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.
SkybreakerEngineer@lemmy.world 3 months ago
Because they actually are illegally colluding. UBI is a proposal to address a lot of stuff, not just rent
chicken@lemmy.dbzer0.com 3 months ago
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.