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> JP morgan is going to sqeeze as much profit as possible, why would they do anything to lower rents? Thankfully everyone else who is currently in the rental b
by kennend3 4y ago
> JP morgan is going to sqeeze as much profit as possible, why would they do anything to lower rents?
Thankfully everyone else who is currently in the rental business is NOT donig this already?
Speaking of naive, you fail to understand JPM will have to compete with the existing landlords or their units will remain empty.
- falcolas 4y agoThe demand for housing outstrips supply. There will be no competition.
- nostrademons 4y agoThen building new homes means that people who were previously homeless now get to rent. At exorbitant prices, yes, but most would say that is better than homelessness.
- s1artibartfast 4y agoThere already is. Look around and you won't see any 1 BRs listed for 1M/month rent.
- rightbyte 4y agoLandlords might not want to maximize income by lowering rents since they might have to write down their property values and thus prefer "temporary" vacancies.