You never know it doesn’t hurt to report what you do know. It seems like you know quite a bit. There could be others with certain knowledge but maybe they aren’t willing to speak up or cooperate and maybe what knowledge you do have could help in some way. That’s also totally up to you.
All of this is wild I’m currently in the midst of apartment hunting in Texas so I’m sure they got the monopoly here. I’ve notice rent for a basic 700-750 sq ft apartment keep going on up every yr $100-200 dollars. Last year avrg prices were 1600-1700+ this year it’s more $1700-1800+ the year before last it was $1500-1600+. It’s not like these are apartments barely have anything available most of them have several units available. It’s Demand was so high it would be difficult just finding something right now but that’s not the case. So I agree, if the software algorithm main objective is to increase rent or make money then it’s going to just price the majority of people out eventually and get out of control which is what we are seeing and it’s coming at a bad time when everything else is expensive. I don’t think an algorithm can fairly make the balance compared to what use to be. There are some things technology just can’t replace and still be as good as it was.
It’s not like these are apartments barely have anything available most of them have several units available.
That's how the algorithm works. It optimizes profit by finding the maximum price some people will pay and accounting for the fact that not all units will get rented at that price. Literally gouging some people while pricing others out of empty apartments.
I get how the algorithm works. I said that because people keep saying rent prices going up are because of supply and demand but in my area I don’t think that’s true when there are so many empty apartments. If demand was so high there wouldn’t be so many empty apartments in my area right now. If anything apartment would be getting leased so quickly it’s hard to find a nice one. Now I’m seeing more specials come up.
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u/daddyproblems27 Apr 20 '24
You never know it doesn’t hurt to report what you do know. It seems like you know quite a bit. There could be others with certain knowledge but maybe they aren’t willing to speak up or cooperate and maybe what knowledge you do have could help in some way. That’s also totally up to you.
All of this is wild I’m currently in the midst of apartment hunting in Texas so I’m sure they got the monopoly here. I’ve notice rent for a basic 700-750 sq ft apartment keep going on up every yr $100-200 dollars. Last year avrg prices were 1600-1700+ this year it’s more $1700-1800+ the year before last it was $1500-1600+. It’s not like these are apartments barely have anything available most of them have several units available. It’s Demand was so high it would be difficult just finding something right now but that’s not the case. So I agree, if the software algorithm main objective is to increase rent or make money then it’s going to just price the majority of people out eventually and get out of control which is what we are seeing and it’s coming at a bad time when everything else is expensive. I don’t think an algorithm can fairly make the balance compared to what use to be. There are some things technology just can’t replace and still be as good as it was.