3 ms·

If you live in an in demand area there is no risk. Price can be increased until people move out. If you live where there’s no demand and r prey houses already

by chgs 1y ago

If you live in an in demand area there is no risk. Price can be increased until people move out. If you live where there’s no demand and r prey houses already you can force prices down just as easily. Mortgages prove costs aren’t passed on. A landlord with a lot gage doesn’t on the whole charge a higher rent than one without.

protocolture 1y ago
>A landlord with a lot gage doesn’t on the whole charge a higher rent than one without. Thats literally my experience, the new owner with a mortgage charged me more.
- eru 1y ago
  You got lucky with the old owner. They gave you a sweetheart deal. I hope your new landlord will lower your rent, when they refinance to a cheaper mortgage. (Or are only higher mortgage rates pass through? What's the difference?)
  - protocolture 1y ago
    >You got lucky with the old owner. They gave you a sweetheart deal. I shopped around and found a good deal. It including moving to a suburb with cheaper rents and still making sure I found something good. But this is the market. Its not full of spherical cows, its full of human beings making human decisions. I found humans who valued longevity over pure profit. This is not a unique scenario, people use rents as retirement income all the time. They wanted a consistent tenant, and the suburb I wanted to move to is famous for inconsistent tenants. I valued low prices and outdoor space. We found a price we both agreed on. I know of other examples of this happening near where I live, it isnt unique. Likewise, costs being passed directly to the renter, not unique.
    - eru 1y ago
      > I found humans who valued longevity over pure profit. LVT does not preclude these precious humans from existing.
      - protocolture 1y ago
        >LVT does not preclude these precious humans from existing. LVT just punishes them more severely for doing so.
        eru 1y ago
        No, the opportunity costs are exactly as before. That's why LVT has no deadweight losses.
        protocolture 1y ago
        Its cool that someone trained an LLM on wallstreetbets and crypto discords but whoever did it can turn it off now please.

by chgs 1y ago

protocolture 1y ago

>A landlord with a lot gage doesn’t on the whole charge a higher rent than one without. Thats literally my experience, the new owner with a mortgage charged me more.

eru 1y ago
You got lucky with the old owner. They gave you a sweetheart deal. I hope your new landlord will lower your rent, when they refinance to a cheaper mortgage. (Or are only higher mortgage rates pass through? What's the difference?)
- protocolture 1y ago
  >You got lucky with the old owner. They gave you a sweetheart deal. I shopped around and found a good deal. It including moving to a suburb with cheaper rents and still making sure I found something good. But this is the market. Its not full of spherical cows, its full of human beings making human decisions. I found humans who valued longevity over pure profit. This is not a unique scenario, people use rents as retirement income all the time. They wanted a consistent tenant, and the suburb I wanted to move to is famous for inconsistent tenants. I valued low prices and outdoor space. We found a price we both agreed on. I know of other examples of this happening near where I live, it isnt unique. Likewise, costs being passed directly to the renter, not unique.
  - eru 1y ago
    > I found humans who valued longevity over pure profit. LVT does not preclude these precious humans from existing.
    - protocolture 1y ago
      >LVT does not preclude these precious humans from existing. LVT just punishes them more severely for doing so.
      - eru 1y ago
        No, the opportunity costs are exactly as before. That's why LVT has no deadweight losses.
        protocolture 1y ago
        Its cool that someone trained an LLM on wallstreetbets and crypto discords but whoever did it can turn it off now please.