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Why not actually mandate that rent prices are public information? At least for participants in such sharing schemes. That is both renters and rentees would get

by Ekaros 3y ago

Why not actually mandate that rent prices are public information? At least for participants in such sharing schemes. That is both renters and rentees would get the information of current rents of comparable units. Then they can make educated choices on both sides?

notaustinpowers 3y ago
This is something that I've been wanting to try to implement within my local government, but there's just no easily enforceable way to do so. The agreements are private, so what information should be shared? How can this information be verified? What are the punishments for not complying? Who will enforce the punishments? Is it a self-report database? Unfortunately, many of these questions are something that no local government wants to tackle or even attempt to enforce. Especially when we get into the more under-the-counter transactions like Mike paying Bob $500/month to live in his basement with a handshake agreement. Maybe a self-report online database could be beneficial, but then the concern becomes getting users, ensuring the information is fresh and routinely updated, etc. Not even taking profitability into consideration.
- zie 3y ago
  We managed to do it with health care (well OK we are still in the rolling out period), but it's slowly happening.
  - notaustinpowers 3y ago
    To a degree, yes, but the healthcare industry is also obfuscating the data as best as it can. Such as using proprietary codes instead of procedure names. Yes, the data is there, but unless you work at that specific hospital and understand their codes, it's essentially useless. It could happen, but with how effective NIMBYs are on a local government level, and how strong of a hold NAR has in federal lobbying, I can see any legitimate legislation dying before they even come to a vote.
    - zie 3y ago
      I know when the data first started being published, there were projects to make sense of it all. I can't imagine they all failed, though I don't have any sources to back that up right now. I remember seeing a few on HN back in the day, but I can't seem to find any of them now(not that I tried very hard).
- splitstud 3y ago
  [dead]
julienb_sea 3y ago
In their example (Seattle) this is already the case. I've seen this software in action, the rent price for each unit is available online but fluctuates day to day according to market demand, and is automatically higher when a unit is available e.g. 3 weeks out instead of immediately. You can look at Kiara, Onni SLU for examples of how this works, just go to floorplans and all the prices are in the open
zooq_ai 3y ago
I hope the landlords / software makers take these case to Supreme Court. This is pure interference to free markets and price discovery
- deleted 3y ago
  [deleted]

by Ekaros 3y ago

notaustinpowers 3y ago

This is something that I've been wanting to try to implement within my local government, but there's just no easily enforceable way to do so. The agreements are private, so what information should be shared? How can this information be verified? What are the punishments for not complying? Who will enforce the punishments? Is it a self-report database? Unfortunately, many of these questions are something that no local government wants to tackle or even attempt to enforce. Especially when we get into the more under-the-counter transactions like Mike paying Bob $500/month to live in his basement with a handshake agreement. Maybe a self-report online database could be beneficial, but then the concern becomes getting users, ensuring the information is fresh and routinely updated, etc. Not even taking profitability into consideration.

zie 3y ago
We managed to do it with health care (well OK we are still in the rolling out period), but it's slowly happening.
- notaustinpowers 3y ago
  To a degree, yes, but the healthcare industry is also obfuscating the data as best as it can. Such as using proprietary codes instead of procedure names. Yes, the data is there, but unless you work at that specific hospital and understand their codes, it's essentially useless. It could happen, but with how effective NIMBYs are on a local government level, and how strong of a hold NAR has in federal lobbying, I can see any legitimate legislation dying before they even come to a vote.
  - zie 3y ago
    I know when the data first started being published, there were projects to make sense of it all. I can't imagine they all failed, though I don't have any sources to back that up right now. I remember seeing a few on HN back in the day, but I can't seem to find any of them now(not that I tried very hard).
splitstud 3y ago
[dead]

julienb_sea 3y ago

In their example (Seattle) this is already the case. I've seen this software in action, the rent price for each unit is available online but fluctuates day to day according to market demand, and is automatically higher when a unit is available e.g. 3 weeks out instead of immediately. You can look at Kiara, Onni SLU for examples of how this works, just go to floorplans and all the prices are in the open

zooq_ai 3y ago

I hope the landlords / software makers take these case to Supreme Court. This is pure interference to free markets and price discovery

deleted 3y ago
[deleted]