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The issue is that housing should be a right and that precludes pricing housing based off of "how much of the average persons income can we consume with this".
by AnarchismIsCool 2y ago
The issue is that housing should be a right and that precludes pricing housing based off of "how much of the average persons income can we consume with this".
The pricing for rental property should be based off of the cost of money to acquire the property + the cost of upkeep + some profit margin and rental companies should be competing to undercut each other on each of the three rather than just seeing how much __more__ they can price their units than their competition.
- pcthrowaway 2y agoI agree that housing should be a right, but I feel like Realpage is becoming a convenient scapegoat that distracts from the core issue of capital being incentivized to seek profits to the detriment of society. This is late-stage capitalism and I'd rather see discussion around policy to fix the core issues rather than bikeshedding about what material to use for the bandaid on the gunshot wound.
- itake 2y agoif that were true, then rent should be much higher now. Renters can take advantage of past low interest rates from landlords. If rent was calculated based on the cost to acquire the property today, upkeep (refinancing), then rents would be much much higher.