alt Hacker NewsYou say rents are going down... but you want rent control? That's one way to ensure rents will never, ever go down. Every landlord will charge the statutory maximum.
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Hacktrick • yesterday at 7:12 PM
>RealPage
This monopolistic pricing is a massive part of the issue. Hopefully the case the DOJ brought against them is progressing well. They've essentially created a cartel of landlords trying to squeeze you for every single penny.
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Groxx • yesterday at 7:12 PM
As opposed to now, where they charge the maximum they can get away with, while also colluding with each other to raise prices? Yes.
gopher_space • yesterday at 7:39 PM
As opposed to the status quo where rents never ever go down and landlords charge the literal maximum?
Vancouver has rent control and rents are going down.
Though I think the likely dynamic that you're seeing here is rent growth of new build apartments is stalling and reversing, and on renewal with new tenants rents are being revised downward as there is more competition.
https://www.ctvnews.ca/vancouver/article/rent-prices-falling...
I expect that amongst apartments with long term tenants rents are still creeping upward. But that's fine. The point of rent control is to smooth out volatility. Rents can still go up, but the goal is to avoid sudden 150% increases etc.