I hate hearing about rent 'deflation' from these econ bros. I've never experienced my rent or know anyone whose rent was reduced, except by court order, but almost everyone's rent increases per year like clockwork. Maybe the only way to get a cheaper rent is to move at the right time but then you have to pay the cost of moving, which is expensive, not to mention time and energy consuming. But you can't afford to move if you're paying exorbitant rents every month either, and moving to a place that is $500 cheaper is eventually not going to last because of rent increases and depending on how far and how much you have to move then you may have just burned a lot of the long-term potential savings upfront. These hot takes over some dumb graph is useless or unrealistic to most people, since it probably includes the lowest rents in the most economically abandoned parts of a large country. Most people have to face an inordinate monthly rent bill even in moderate cities, not to mention the largest metropolises like New York and Los Angeles, no one gives a shit about the national statistic when their local and immediate condition is costing half or more of their monthly income and is only getting worse. It's like that guy claiming inflation was defeated if you don't consider all the necessary costs people have to pay, like housing or food, fuck you.
These apologists should be among the first in the gulags.
my rent went down by $50 for the first time in my entire life this year and the way management reacts whenever they hear about this fact I'm 99% sure it was a computer glitch. probably will jack up our rent more to fuck us over next year.
I'm honestly happy for you, and I believe you, but you're an extremely rare anomaly which I've never heard of actually happening but I guess it does happen then. Kind of like ancaps with Milei.
Out of curiosity, do you live in a major city or do you have rent control? I'm guessing from what you said about your management that they didn't give you an explanation as to why it was reduced, it could have likely been a glitch since some companies use algorithms to set their rents. I hope they don't raise your rent next year but I'd be very interested to hear a follow-up.
yeah I live in a non-rent-controlled apartment building, I meant building management. what I think happened is the building was bought a few months ago by some random private equity group in the northeast, and coincidentally our rent renewed during the handover when all the websites and portals and whatever were in flux. I think their valuation models for our rent probably didn't have access to our current rent rates or something so we ended up being assigned a rent decrease. From asking around we are literally the only people in our building this happened to and building management was shocked when they found out.
The same thing happened to me a few years ago, pretty much exactly. Apartment complex bought by a private equity firm, renewal came up during the transition, rent went down by a tiny amount. The previous (i.e. non-equity) owners kept incredibly shitty records, so my guess was that the new vampires just had to guess at a "fair market value" and fucked up.
we've found the secret, just convince these ghouls to incessantly play building hot potato with each other until everybody's rent goes down by fifty bucks
This is so fucking idiotic.
I hate hearing about rent 'deflation' from these econ bros. I've never experienced my rent or know anyone whose rent was reduced, except by court order, but almost everyone's rent increases per year like clockwork. Maybe the only way to get a cheaper rent is to move at the right time but then you have to pay the cost of moving, which is expensive, not to mention time and energy consuming. But you can't afford to move if you're paying exorbitant rents every month either, and moving to a place that is $500 cheaper is eventually not going to last because of rent increases and depending on how far and how much you have to move then you may have just burned a lot of the long-term potential savings upfront. These hot takes over some dumb graph is useless or unrealistic to most people, since it probably includes the lowest rents in the most economically abandoned parts of a large country. Most people have to face an inordinate monthly rent bill even in moderate cities, not to mention the largest metropolises like New York and Los Angeles, no one gives a shit about the national statistic when their local and immediate condition is costing half or more of their monthly income and is only getting worse. It's like that guy claiming inflation was defeated if you don't consider all the necessary costs people have to pay, like housing or food, fuck you.
These apologists should be among the first in the gulags.
my rent went down by $50 for the first time in my entire life this year and the way management reacts whenever they hear about this fact I'm 99% sure it was a computer glitch. probably will jack up our rent more to fuck us over next year.
I'm honestly happy for you, and I believe you, but you're an extremely rare anomaly which I've never heard of actually happening but I guess it does happen then. Kind of like ancaps with Milei.
Out of curiosity, do you live in a major city or do you have rent control? I'm guessing from what you said about your management that they didn't give you an explanation as to why it was reduced, it could have likely been a glitch since some companies use algorithms to set their rents. I hope they don't raise your rent next year but I'd be very interested to hear a follow-up.
yeah I live in a non-rent-controlled apartment building, I meant building management. what I think happened is the building was bought a few months ago by some random private equity group in the northeast, and coincidentally our rent renewed during the handover when all the websites and portals and whatever were in flux. I think their valuation models for our rent probably didn't have access to our current rent rates or something so we ended up being assigned a rent decrease. From asking around we are literally the only people in our building this happened to and building management was shocked when they found out.
Oh, yeah, man. That was 100% a bug and nothing like an actual rent reduction. You got lucky but hopefully they don't get their revenge next year.
The same thing happened to me a few years ago, pretty much exactly. Apartment complex bought by a private equity firm, renewal came up during the transition, rent went down by a tiny amount. The previous (i.e. non-equity) owners kept incredibly shitty records, so my guess was that the new vampires just had to guess at a "fair market value" and fucked up.
we've found the secret, just convince these ghouls to incessantly play building hot potato with each other until everybody's rent goes down by fifty bucks
this is the first time i've ever heard of anyone ever having their rent go down. the gods have smiled upon you.
use the 50$ to burn your landlords house down.