The rental market is softening so fast in some pockets of the country that landlords have no choice but to offer concessions
The rental market is softening so fast in some pockets of the country that landlords have no choice but to offer concessions
"With vacancies on the rise, some landlords are doling out one-time discounts to attract renters while maintaining high asking rents on paper"
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What the fuck is it called a concession... rather than "fair market price"?
Fair market price is when they can gouge you. Concessions is when they actually have to compete.
It’s Fortune magazine, that’s why.
Because they're not giving fair market prices, once you get into the meat of the article
"what someone is willing to pay"
Sounds pretty fair market price to me.
That's really only true if the good that's being purchased is necessary to live.
I think it’s somewhat the opposite. Being forced to pay an extortionate price because otherwise you will be homeless, lose your possession, live on the street, beg friends or family for help, or live in a homeless shelter, isn’t a free market.
Oh it's a free market alright.
It's not fair, but it is free.
You could use that reasoning to justify that anything is a free market. The government is free to pass laws, the people are free to overthrow it.
Kind of. It's artificially inflated by private parties lobbying and achieving regulatory capture to manipulate the market by constricting supply.
Freedom to be assfucked. isn't freedom. Freedom would be choice, that way I can pick whatever tier I feel like spending on. We don't have that.
Yeah aka market correction to reach equilibrium. Nothing to see here, move along, move along.
My eye twitches a little every time a realtor calls depreciating house prices a "market correction". Bitch please, an actual correction would be a 50% reduction in value.
Well the market disagrees with you. And as long as people are forking over $1 million for a starter home and all other equities and commodities are at all time highs, prices won't budge.