And higher rent means the valuation of the property goes up. All the incentives are there for them to do this, we just all need to really convince ourselves they would never do such a thing.
These companies don't care. A lot of these tenant management companies do legal grey area things and landlords pay for it (even though it's begging to be tackled). A good example is they keep tenant blacklists based on scraped court records [1]. Landlords are not supposed to be using stuff like this. I wouldn't have imagined they are price fixing too.
To remain in compliance with the law, OAG recommends landlords and property owners refrain from requesting a potential tenant’s court records and rental histories altogether and cease relationships with tenant screening bureaus who continue to provide court records. Any New Yorker who believes that they have been denied an apartment because of their rental history should submit a tenant blacklisting complaint online with OAG.
In its investigation of Clipper Equity, OAG determined the company had improperly obtained housing court records for 25 potential tenants and then denied housing to seven of those same applicants. The OAG found that Clipper thus violated the law. Clipper also violated city and state Human Rights laws by requiring potential tenants to disclose their marital status. As part of the agreement, Clipper Equity will take the necessary steps to comply with the laws it broke and has committed to ending its discriminatory screening policies.
And I'd even add that shelter is also one of those things we shouldn't just let the free market sort out (as it has been, and we all see how that's been going).
They mostly just look at most recent sales in the area. It sounds simple, but can be bewildering. Just because everyone gobbled up mortgages at low interest rates in 2020, does not mean you can keep pricing houses at 2020 levels. But that's exactly what the housing market keeps doing because they simply care about the last max bid/sale.
What about the time component? Holding a market wide price even for a month can demoralize anyone into accepting the rent if you need to move in a month. Time pressure is the multiplier here. You cannot wait out being homeless by being combative against unreasonable rent.
Does this even have to be a citizenship issue? The DHS is providing evidence that could alter the judgement of many of these people's cases. Do you have to be American to request that evidence be vetted? If anything, one wrong algo and you can re-open or close buckets of cases at once.
I hear such conflicting information. For a normal looking new development, I hear that developers are looking to offload asap to recoup the investment. Certain markets in America make it almost seem as if these investors are willing to wait years for rates to come back up.
I don't think Powell gives two fucks about the inflation or unemployment rate. Think he's very interested in cost of living and rent more than anything else. Housing prices barely have moved down at we're on the wrong side over 5%. If housing just thinks its going to wait this wait out and emerge from all of this with this inflated money house has left in tact, while the rest of get slammed by the waves, well ... well I guess I've seen dumber stuff.
Housing needs to get hit for any of this to be worthing anything.
One could argue that they are in complete control simply because the average patient can never pay the amount the provider bills. So the provider HAS to play ball with the insurer, because good luck getting joe blo American to foot the bill (it's impossible in most cases).
I'll leave it up to the finance people to come up with interesting instruments to take advantage of these kids. Maybe their bank accounts will just become money market accounts that are tied to leveraged ETFs.
I think abstracting away their real life money into a crypto that is worth 1/10th of the dollar is a good way to go. Make that crypto the exclusive currency for their habits (games, social media) so they have no choice but to convert to it. Easy way to part them from their real earnings that way.
There's easy money here if you are ruthless. If you print your own crypto for their habits, you can effectively act like the US Fed. Just inflate away the value of their coins every time. It's a no brainer.
The LGBTQ community got these people flying rainbow flags. You're telling me the actual IC community can't even get them to respect this platform? Maybe we have some learning to do.
Covid is over, so unless we start fighting better about this, they are absolutely going to chip away at this.
In-office had a long time to evolve (half a century I'd say). Remote work kind of only had the COVID years. It's a baby in an incubator. The RTO stuff is kind of like infanticide. So while I understand your perspective, from a war point of view, we have no choice but to protect this baby. They want to cut this experiment off asap. Every little anecdote, every little corporate RTO plan, every little CEO saying shit, is just chipping away at such an infant life.
Give it the same chance the office bullshit had, which was decades. I kind of have to be militant about this. Thanks for the other side, but this baby gotta be kept alive.
If your team sucks, your team sucks. Doesn't matter if you're in office, or out of office.
Okay, so why do you think that will get better in person? Just curious. Why is "lets meet in person" the go to solution? Look, the RTO people are LOUDER. Period.
They will win this fight if the Remote or Die crew doesn't get loud.