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Gas stations buy routine shipments of fuel with fluctuations based on the broader market. Renting out real estate is quite a bit different, you buy it the once
by wizerdrobe 3y ago
Gas stations buy routine shipments of fuel with fluctuations based on the broader market. Renting out real estate is quite a bit different, you buy it the once and lock in customers… nothing stops me from going across the street for my next 12 gallon purchase.
Seems a stretch to compare the two here…
- ajmurmann 3y ago> Gas stations buy routine shipments of fuel with fluctuations based on the broader market. Not sure how this impacts sales prices. I know gas station owners first hand who pre-everything-being-online were asking for reports of gas prices in neighboring towns to adjust their prices. >buy it the once and lock in customers… nothing stops me from going across the street for my next 12 gallon purchase. How often do rental prices get adjusted and how often do tenants move? The frequencies anecdotally seem not that disconnected. The only reason we are arguing about any of this is because housing supply is super short because of broken zoning and permitting. Build more and take market power away from suppliers!