▲ 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
[–] withabeard@lemmy.world 182 points 2 years ago (4 children) What the fuck is it called a concession... rather than "fair market price"? permalink fedilink source hideshow 8 child comments replies: [–] anon_8675309@lemmy.world 87 points 2 years ago Fair market price is when they can gouge you. Concessions is when they actually have to compete. permalink fedilink source parent [–] magnetosphere@kbin.social 42 points 2 years ago It’s Fortune magazine, that’s why. permalink fedilink source parent [–] ZephyrXero@lemmy.world 27 points 2 years ago (1 child) Because they're not giving fair market prices, once you get into the meat of the article permalink fedilink source parent hideshow 2 child comments replies: [+] withabeard@lemmy.world -15 points 2 years ago (1 child) "what someone is willing to pay" Sounds pretty fair market price to me. permalink fedilink source parent hideshow 2 child comments replies: [–] grilledcheesecowboy@kbin.social 0 points 2 years ago (1 child) That's really only true if the good that's being purchased is necessary to live. permalink fedilink source parent hideshow 2 child comments replies: [–] Zeppo@sh.itjust.works 12 points 2 years ago (1 child) I think it’s somewhat the opposite. Being forced to pay an extortionate price because otherwise you will be homeless, lose your possession, live on the street, beg friends or family for help, or live in a homeless shelter, isn’t a free market. permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev 0 points 2 years ago (3 children) Oh it's a free market alright. It's not fair, but it is free. permalink fedilink source parent hideshow 6 child comments replies: [–] FaeDrifter@midwest.social 4 points 2 years ago You could use that reasoning to justify that anything is a free market. The government is free to pass laws, the people are free to overthrow it. permalink fedilink source parent [–] Zeppo@sh.itjust.works 1 point 2 years ago Kind of. It's artificially inflated by private parties lobbying and achieving regulatory capture to manipulate the market by constricting supply. permalink fedilink source parent [+] CaptainAniki@lemmy.flight-crew.org 0 points 2 years ago [deleted] permalink fedilink source parent [–] solstice@lemmy.world 8 points 2 years ago (1 child) Yeah aka market correction to reach equilibrium. Nothing to see here, move along, move along. permalink fedilink source parent hideshow 2 child comments replies: [–] SoleInvictus@lemmy.world 2 points 2 years ago (1 child) My eye twitches a little every time a realtor calls depreciating house prices a "market correction". Bitch please, an actual correction would be a 50% reduction in value. permalink fedilink source parent hideshow 2 child comments replies: [–] solstice@lemmy.world 0 points 2 years ago Well the market disagrees with you. And as long as people are forking over $1 million for a starter home and all other equities and commodities are at all time highs, prices won't budge. permalink fedilink source parent
[–] anon_8675309@lemmy.world 87 points 2 years ago Fair market price is when they can gouge you. Concessions is when they actually have to compete. permalink fedilink source parent
[–] magnetosphere@kbin.social 42 points 2 years ago It’s Fortune magazine, that’s why. permalink fedilink source parent
[–] ZephyrXero@lemmy.world 27 points 2 years ago (1 child) Because they're not giving fair market prices, once you get into the meat of the article permalink fedilink source parent hideshow 2 child comments replies: [+] withabeard@lemmy.world -15 points 2 years ago (1 child) "what someone is willing to pay" Sounds pretty fair market price to me. permalink fedilink source parent hideshow 2 child comments replies: [–] grilledcheesecowboy@kbin.social 0 points 2 years ago (1 child) That's really only true if the good that's being purchased is necessary to live. permalink fedilink source parent hideshow 2 child comments replies: [–] Zeppo@sh.itjust.works 12 points 2 years ago (1 child) I think it’s somewhat the opposite. Being forced to pay an extortionate price because otherwise you will be homeless, lose your possession, live on the street, beg friends or family for help, or live in a homeless shelter, isn’t a free market. permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev 0 points 2 years ago (3 children) Oh it's a free market alright. It's not fair, but it is free. permalink fedilink source parent hideshow 6 child comments replies: [–] FaeDrifter@midwest.social 4 points 2 years ago You could use that reasoning to justify that anything is a free market. The government is free to pass laws, the people are free to overthrow it. permalink fedilink source parent [–] Zeppo@sh.itjust.works 1 point 2 years ago Kind of. It's artificially inflated by private parties lobbying and achieving regulatory capture to manipulate the market by constricting supply. permalink fedilink source parent [+] CaptainAniki@lemmy.flight-crew.org 0 points 2 years ago [deleted] permalink fedilink source parent
[+] withabeard@lemmy.world -15 points 2 years ago (1 child) "what someone is willing to pay" Sounds pretty fair market price to me. permalink fedilink source parent hideshow 2 child comments replies: [–] grilledcheesecowboy@kbin.social 0 points 2 years ago (1 child) That's really only true if the good that's being purchased is necessary to live. permalink fedilink source parent hideshow 2 child comments replies: [–] Zeppo@sh.itjust.works 12 points 2 years ago (1 child) I think it’s somewhat the opposite. Being forced to pay an extortionate price because otherwise you will be homeless, lose your possession, live on the street, beg friends or family for help, or live in a homeless shelter, isn’t a free market. permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev 0 points 2 years ago (3 children) Oh it's a free market alright. It's not fair, but it is free. permalink fedilink source parent hideshow 6 child comments replies: [–] FaeDrifter@midwest.social 4 points 2 years ago You could use that reasoning to justify that anything is a free market. The government is free to pass laws, the people are free to overthrow it. permalink fedilink source parent [–] Zeppo@sh.itjust.works 1 point 2 years ago Kind of. It's artificially inflated by private parties lobbying and achieving regulatory capture to manipulate the market by constricting supply. permalink fedilink source parent [+] CaptainAniki@lemmy.flight-crew.org 0 points 2 years ago [deleted] permalink fedilink source parent
[–] grilledcheesecowboy@kbin.social 0 points 2 years ago (1 child) That's really only true if the good that's being purchased is necessary to live. permalink fedilink source parent hideshow 2 child comments replies: [–] Zeppo@sh.itjust.works 12 points 2 years ago (1 child) I think it’s somewhat the opposite. Being forced to pay an extortionate price because otherwise you will be homeless, lose your possession, live on the street, beg friends or family for help, or live in a homeless shelter, isn’t a free market. permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev 0 points 2 years ago (3 children) Oh it's a free market alright. It's not fair, but it is free. permalink fedilink source parent hideshow 6 child comments replies: [–] FaeDrifter@midwest.social 4 points 2 years ago You could use that reasoning to justify that anything is a free market. The government is free to pass laws, the people are free to overthrow it. permalink fedilink source parent [–] Zeppo@sh.itjust.works 1 point 2 years ago Kind of. It's artificially inflated by private parties lobbying and achieving regulatory capture to manipulate the market by constricting supply. permalink fedilink source parent [+] CaptainAniki@lemmy.flight-crew.org 0 points 2 years ago [deleted] permalink fedilink source parent
[–] Zeppo@sh.itjust.works 12 points 2 years ago (1 child) I think it’s somewhat the opposite. Being forced to pay an extortionate price because otherwise you will be homeless, lose your possession, live on the street, beg friends or family for help, or live in a homeless shelter, isn’t a free market. permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev 0 points 2 years ago (3 children) Oh it's a free market alright. It's not fair, but it is free. permalink fedilink source parent hideshow 6 child comments replies: [–] FaeDrifter@midwest.social 4 points 2 years ago You could use that reasoning to justify that anything is a free market. The government is free to pass laws, the people are free to overthrow it. permalink fedilink source parent [–] Zeppo@sh.itjust.works 1 point 2 years ago Kind of. It's artificially inflated by private parties lobbying and achieving regulatory capture to manipulate the market by constricting supply. permalink fedilink source parent [+] CaptainAniki@lemmy.flight-crew.org 0 points 2 years ago [deleted] permalink fedilink source parent
[–] msage@programming.dev 0 points 2 years ago (3 children) Oh it's a free market alright. It's not fair, but it is free. permalink fedilink source parent hideshow 6 child comments replies: [–] FaeDrifter@midwest.social 4 points 2 years ago You could use that reasoning to justify that anything is a free market. The government is free to pass laws, the people are free to overthrow it. permalink fedilink source parent [–] Zeppo@sh.itjust.works 1 point 2 years ago Kind of. It's artificially inflated by private parties lobbying and achieving regulatory capture to manipulate the market by constricting supply. permalink fedilink source parent [+] CaptainAniki@lemmy.flight-crew.org 0 points 2 years ago [deleted] permalink fedilink source parent
[–] FaeDrifter@midwest.social 4 points 2 years ago You could use that reasoning to justify that anything is a free market. The government is free to pass laws, the people are free to overthrow it. permalink fedilink source parent
[–] Zeppo@sh.itjust.works 1 point 2 years ago Kind of. It's artificially inflated by private parties lobbying and achieving regulatory capture to manipulate the market by constricting supply. permalink fedilink source parent
[+] CaptainAniki@lemmy.flight-crew.org 0 points 2 years ago [deleted] permalink fedilink source parent
[–] solstice@lemmy.world 8 points 2 years ago (1 child) Yeah aka market correction to reach equilibrium. Nothing to see here, move along, move along. permalink fedilink source parent hideshow 2 child comments replies: [–] SoleInvictus@lemmy.world 2 points 2 years ago (1 child) My eye twitches a little every time a realtor calls depreciating house prices a "market correction". Bitch please, an actual correction would be a 50% reduction in value. permalink fedilink source parent hideshow 2 child comments replies: [–] solstice@lemmy.world 0 points 2 years ago Well the market disagrees with you. And as long as people are forking over $1 million for a starter home and all other equities and commodities are at all time highs, prices won't budge. permalink fedilink source parent
[–] SoleInvictus@lemmy.world 2 points 2 years ago (1 child) My eye twitches a little every time a realtor calls depreciating house prices a "market correction". Bitch please, an actual correction would be a 50% reduction in value. permalink fedilink source parent hideshow 2 child comments replies: [–] solstice@lemmy.world 0 points 2 years ago Well the market disagrees with you. And as long as people are forking over $1 million for a starter home and all other equities and commodities are at all time highs, prices won't budge. permalink fedilink source parent
[–] solstice@lemmy.world 0 points 2 years ago Well the market disagrees with you. And as long as people are forking over $1 million for a starter home and all other equities and commodities are at all time highs, prices won't budge. permalink fedilink source parent