The lower end! I usually undercut the market rate by ~$50. My house rents for $2400 a month. If I leave it on the market for just a month I would lose more mon

The lower end! I usually undercut the market rate by ~$50. My house rents for $2400 a month. If I leave it on the market for just a month I would lose more money than I would gain in 2 years at a higher rent! So the incentive is to get it rented out as quickly as possible and get it booked before the other guy. So my incentive is to be just a bit lower than the other guy so mine goes first. I will not deny that the market rate for housing is absurdly high, but it is still a market and incentives still matter.