Rent-seeking is ruinous behavior.
this post was submitted on 16 Jul 2024
304 points (96.9% liked)
Memes
45132 readers
3258 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
top 15 comments
sorted by:
hot
top
controversial
new
old
Landlords contribute nothing to society.
Lemmy and the supply - only market model, a classic duo.
https://www.marketplace.org/2024/04/16/realpage-lawsuit-algorithms-rent/
your understanding of economics is bordering on phrenology in how disconnected from reality it is
even in your own broken model "inelastic demand" exists as a concept
I have moved a zillion times in my life. Inelastic my ass.
Why are techbros so stupid? Is it because STEM requires literally zero critical thinking skills?
Can you really not tell the difference between an economy and a single person? And did you move to a cardboard box, or did you continue to need a home? Did the number of homes you needed change? And again, are you stupid?
STEM requires literally zero critical thinking skills
Bruh
Yes, as the search radius expands, there are different homes that become available, at more attractive prices.
You're too stupid to understand how that's completely orthogonal to the subject being discussed. No fucking shit, idiot. You mean there's more than one seller on the market? The fuck does that have to do with the concept of inelastic demand? Do a fucking google search before you speak. Look at a goddamned dictionary at least. Understand what the fucking topic is. Holy shit.
Oh, did we just learn a new word and want to use it in big boy conversation? Are we cranky that people point out basic flaws? Don't worry, I'm sure you'll get it right!
You also on a bandwagon for the price of fuel? Food? Transportation? Taxes? How about the fees you pay your bank for having an account?
While I agree that there are a ton of bad landlords sadness is there is no decrease in price anywhere. Insurance, property taxes, cost of repairs/enhancement, maintenance.
The majority of renters would have difficulty keeping up financially even before the price spike during COVID when rates were low. Now both the price and mortgage rates have gone up and fucked everything even more.
Anyway back to my point why is this the sword you actively choose to fall on when I believe it's one of the smaller problems to be ranting about.
Incoherent