3 ms·
That's unrealistic. If it's purely supply and demand, the premium landlords will be able to command out of that 1000 bucks will be somewhat less than the total
by underlipton 3y ago
That's unrealistic. If it's purely supply and demand, the premium landlords will be able to command out of that 1000 bucks will be somewhat less than the total - and perhaps significantly less, if prospective tenants are savvy enough to hold out collectively. The only way you see the entire thing co-opted for rent is if landlords were to collude and refuse to break rank on pricing. But there's no way that would happen, since it'd be illegal.
- RestlessMind 3y ago> if prospective tenants are savvy enough to hold out collectively and why would that be the case? Seems like a hard coordination problem to me.
- geysersam 3y agoBut collective rent bargaining is common so it's clearly not impossible.
- underlipton 3y agoBecause there are multiple concrete examples of class solidarity just in the past year which point to a shift in consciousness about such issues. Covid gains were stolen; good luck doing it twice in a generation (in the hypothetical case of UBI in the next few years).