▲ 283 ▼ The rental market is softening so fast in some pockets of the country that landlords have no choice but to offer concessions (fortune.com) submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world 54 comments fedilink hide all child comments
[–] dhork@lemmy.world 65 points 2 years ago (2 children) Why can't they just offer the concession of lowering their rent in the first place, instead of relying on gimmicks like a first-year discount? permalink fedilink source hideshow 4 child comments replies: [–] themeatbridge@lemmy.world 50 points 2 years ago (1 child) Because downward trends in rent affect real estate futures, which affects lending rates, which could cause the artificially inflated property values to collapse. permalink fedilink source parent hideshow 2 child comments replies: [–] instamat@lemmy.world 58 points 2 years ago (1 child) Not the artificially inflated property values! permalink fedilink source parent hideshow 2 child comments replies: [–] edgemaster72@lemmy.world 17 points 2 years ago (1 child) Won't somebody please think of the artificially inflated property values! permalink fedilink source parent hideshow 2 child comments replies: [–] bstix@feddit.dk 5 points 2 years ago* Many people do think about the inflated property values. Namely the landlord, the landlord's accountant, the bank and the tax office. So, for every single property there are at least 4 people thinking about the property value, because that's where their money comes from. permalink fedilink source parent [–] gsb@lemmy.world 4 points 2 years ago A lot of apartments in my area do first year discounts. The reason for that is a lot of cities have rules about how much you can raise rent in a year. Discounts are a loophole since they can raise it based off the non-discounted value. Also moving sucks and a new place has a chance of being terrible (and you're stuck for a year). So people are more willing to pay an increase once they're already in an apartment they tolerate. permalink fedilink source parent
[–] themeatbridge@lemmy.world 50 points 2 years ago (1 child) Because downward trends in rent affect real estate futures, which affects lending rates, which could cause the artificially inflated property values to collapse. permalink fedilink source parent hideshow 2 child comments replies: [–] instamat@lemmy.world 58 points 2 years ago (1 child) Not the artificially inflated property values! permalink fedilink source parent hideshow 2 child comments replies: [–] edgemaster72@lemmy.world 17 points 2 years ago (1 child) Won't somebody please think of the artificially inflated property values! permalink fedilink source parent hideshow 2 child comments replies: [–] bstix@feddit.dk 5 points 2 years ago* Many people do think about the inflated property values. Namely the landlord, the landlord's accountant, the bank and the tax office. So, for every single property there are at least 4 people thinking about the property value, because that's where their money comes from. permalink fedilink source parent
[–] instamat@lemmy.world 58 points 2 years ago (1 child) Not the artificially inflated property values! permalink fedilink source parent hideshow 2 child comments replies: [–] edgemaster72@lemmy.world 17 points 2 years ago (1 child) Won't somebody please think of the artificially inflated property values! permalink fedilink source parent hideshow 2 child comments replies: [–] bstix@feddit.dk 5 points 2 years ago* Many people do think about the inflated property values. Namely the landlord, the landlord's accountant, the bank and the tax office. So, for every single property there are at least 4 people thinking about the property value, because that's where their money comes from. permalink fedilink source parent
[–] edgemaster72@lemmy.world 17 points 2 years ago (1 child) Won't somebody please think of the artificially inflated property values! permalink fedilink source parent hideshow 2 child comments replies: [–] bstix@feddit.dk 5 points 2 years ago* Many people do think about the inflated property values. Namely the landlord, the landlord's accountant, the bank and the tax office. So, for every single property there are at least 4 people thinking about the property value, because that's where their money comes from. permalink fedilink source parent
[–] bstix@feddit.dk 5 points 2 years ago* Many people do think about the inflated property values. Namely the landlord, the landlord's accountant, the bank and the tax office. So, for every single property there are at least 4 people thinking about the property value, because that's where their money comes from. permalink fedilink source parent
[–] gsb@lemmy.world 4 points 2 years ago A lot of apartments in my area do first year discounts. The reason for that is a lot of cities have rules about how much you can raise rent in a year. Discounts are a loophole since they can raise it based off the non-discounted value. Also moving sucks and a new place has a chance of being terrible (and you're stuck for a year). So people are more willing to pay an increase once they're already in an apartment they tolerate. permalink fedilink source parent