https://www.nytimes.com/2025/01/10/business/california-fires-rent-price-gouging.html

  • hexaflexagonbear [he/him]
    ·
    4 days ago

    People in other social media are going to argue this is caused by reduced supply, but there’s no way the adjustments happen this quickly. This is a choice by landlords to bet that people who suddenly lose their homes will be more desperate and willing to sign a more expensive lease.

    • vovchik_ilich [he/him]
      ·
      4 days ago

      A finance bro will unironically tell you that the "demand futures" have risen and you have to pay accordingly

  • Robert_Kennedy_Jr [xe/xem, xey/xem]
    ·
    4 days ago

    Ms. Jones was touring a rental house in Beverly Hills with her client on Thursday when the listing agent raised the monthly cost by $3,000 — on the spot.

    gui-better

  • eldavi@lemmy.ml
    ·
    4 days ago

    The cruelty that this system encourages us to visit upon each other sometimes make me want stay in bed and never leave.

  • DragonBallZinn [he/him]
    ·
    4 days ago

    But sure. It’s gay people who should provoke the ire of religious groups and not this shameless display of hedonistic gluttony?