Most research on unaffordable housing has focused on homeownership, but rental affordability is also a serious issue.
  • Bye@lemmy.world
    51·
    9 months ago

    Doesn’t the market set the price? Like supply and demand?

    It seems to me like if there were a lot of housing being built, the landlord couldn’t charge as much.

    • Evrala@lemmy.world
      111·
      9 months ago

      Currently there is a lot of price fixing going on. Landlords use software to set the rate. They really like it because it allows them to point to the machine to remove empathy from the equation.

    • EssentialCoffeeEnglish
      31·
      9 months ago

      I know some landlords in a nice area. They didn’t raise rent on their renters because they were nice folks. Kept the house around $800 for them.

      The renters died and they wanted to re-rent, so they looked at the prices in the area and set rent at $1200+.

      Note: the $800/month paid all of the bills, upkeep, plus some to pocket. So now it’s $400+ in their pockets. It’s just price gouging at this point.