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That's the exactly the same reason why basic income can't work if it's introduced on its own. This money will immediately land in the hands of landlords who'll

That's the exactly the same reason why basic income can't work if it's introduced on its own. This money will immediately land in the hands of landlords who'll just increase rent.

tech_ken 3y ago
Doesn't any landlord who defects from colluding stand to gain though? Like how Georgists argue that their land tax won't get passed directly on to renters because if it's applied to the whole market at once then absent perfect and universal collusion on behalf of the landlords renters will arb out those with the highest rent spikes.
- ajkjk 3y ago
  Not if they wait to raise the rent until after they have a tenant who has a large cost to move already.
  - tech_ken 3y ago
    Don't most leases prohibit rent hikes for some period of time though?
    - ajkjk 3y ago
      Well yes but then the lease ends and that's when they get you.
tracker1 3y ago
Considering a handful of companies already control most rental pricing, and already extract "maximum value" from those properties, I'm not sure it would be any different in any direction. I don't get why there isn't some level of Trust Busting going on regarding the rental property pricing management at all.
- astrange 3y ago
  Because it's not true. People only think this because of an innumerate article from ProPublica. Almost all landlords are small time, only own one or two buildings, and can't organize a cartel. Except there's one way they can - by changing the law to favor them by banning new construction.
  - mordae 3y ago
    They don't need to collude explicitly. They just watch posted prices in their region and match that. Since the posted prices are always above average (you start higher than the old rent and keep lowering it until somebody takes it), rent keeps going up for everyone.
    - astrange 3y ago
      Rents don't always go up even nominally; you've just listed the upward pressures without the downwards ones. I believe they're still down in SF compared to last year. Posted prices can be misleading because they prefer to give discounts (X months free) rather than lower the sticker price, so it also depends how you count.

That's the exactly the same reason why basic income can't work if it's introduced on its own. This money will immediately land in the hands of landlords who'll just increase rent.

tech_ken 3y ago

Doesn't any landlord who defects from colluding stand to gain though? Like how Georgists argue that their land tax won't get passed directly on to renters because if it's applied to the whole market at once then absent perfect and universal collusion on behalf of the landlords renters will arb out those with the highest rent spikes.

ajkjk 3y ago
Not if they wait to raise the rent until after they have a tenant who has a large cost to move already.
- tech_ken 3y ago
  Don't most leases prohibit rent hikes for some period of time though?
  - ajkjk 3y ago
    Well yes but then the lease ends and that's when they get you.

tracker1 3y ago

Considering a handful of companies already control most rental pricing, and already extract "maximum value" from those properties, I'm not sure it would be any different in any direction. I don't get why there isn't some level of Trust Busting going on regarding the rental property pricing management at all.

astrange 3y ago
Because it's not true. People only think this because of an innumerate article from ProPublica. Almost all landlords are small time, only own one or two buildings, and can't organize a cartel. Except there's one way they can - by changing the law to favor them by banning new construction.
- mordae 3y ago
  They don't need to collude explicitly. They just watch posted prices in their region and match that. Since the posted prices are always above average (you start higher than the old rent and keep lowering it until somebody takes it), rent keeps going up for everyone.
  - astrange 3y ago
    Rents don't always go up even nominally; you've just listed the upward pressures without the downwards ones. I believe they're still down in SF compared to last year. Posted prices can be misleading because they prefer to give discounts (X months free) rather than lower the sticker price, so it also depends how you count.