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Kinglink@lemmy.world 3 months agoOr 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
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.