RentWolf, Live Offer, Rentberry: Rent bidding apps enable tenants to offer even more income to Lords; Tenants are going extreme measures to make ends meet against a backdrop of rising rents
Tweet Topic Started: 27 Apr 2017, 10:48 AM (3,170 Views)
The last thing specufestors, sorry landlords , need is price discovery. Rat has this opium pipe dream of desperate renters all scrambling over children's toys in an effort to outbid each other to secure a wooden lean-to for 95% of their pay but this reveals their ignorance of technology. The reverse is true. I cracked my rent down from $500 -> 450 -> 420 by sending the PM an email with 3-4 properties near my house all listed for lower rents. Thanks to realestate.com. Price discovery is a bitch. It's part of the "Perfect Economy" model in economics and it destroys profits.
Nothing scarier to a socialist than something that looks like a free and efficient market with well informed buyers and sellers.
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Specufestors, with their clamshell-like mind, refuse to innovate so they pay the price. Look at how people run their businesses from the internet. No one needs the High Street shop window anymore. Commercial rental prices slump. For America, it's Armageddon as mall after mall shuts down, bankrupt with nothing to replace it. I trade stocks from my living room. Never go to the city. Never commute. Never pay parking fees. Never eat lunch at a city-rent paying burger bar. I could move out to the countryside and buy an acre of land from a farmer and not suffer one dollar. THAT'S the future that land hoarders should fear, if they had the width of perception to see it coming. Sadly, their brains extend only as far as "Hur hur hur.. muh rent money..".
Good thing technology won't dis-intermediate real estate agents. Can you imagine if you had some kind of software that would allow individuals to enter into un-forgeable contracts and some kind of electronic "meeting place" where buyers and sellers could connect with each other, like a market? I'm sure mortgage brokers are safe too.
Speak when you are angry and you will make the best speech you will ever regret. Ambrose Bierce
Haha! No rush. The rents are so low in Perth anyway. But I AM going to move out of the "big smoke", probably to the Mornington Peninsula once my sprog finishes school next year. Rents are cheap there too. Isn't that ironic? It costs less to live 50 meters from the beach in an architecturally designed house than it does in a rabbit hutch next to the train station. Simply because there's no offices nearby. If you don't need to go to an office, why would you even want them in the vicinity?
zaph
17 May 2017, 09:13 PM
I'd kick you in the dislikeable person if you applied for one my rentals.
That's not what the RE agency wrote in my referral. "Glowing" would be one description. I'm a model tenant. I'm leaving the place in better condition than I found it.
True. The type of person who squanders their income on rent payments will also tend to squander it in other ways too.
It's why the typical homeowner is vastly wealthier than the typical renter at all stages of life.
hidflect
17 May 2017, 08:42 PM
The last thing specufestors, sorry landlords , need is price discovery. Rat has this opium pipe dream of desperate renters all scrambling over children's toys in an effort to outbid each other to secure a wooden lean-to for 95% of their pay but this reveals their ignorance of technology. The reverse is true. I cracked my rent down from $500 -> 450 -> 420 by sending the PM an email with 3-4 properties near my house all listed for lower rents.
You're probably based in one of the minor cities like Perth? It's true that bidding apps won't push up rents in cities where there's an oversupply of property, but in major cities like Sydney and Melbourne (and anywhere the rental market is tight) these bidding apps will definitely put upward pressure on rents.
True. The type of person who squanders their income on rent payments will also tend to squander it in other ways too.
It's why the typical homeowner is vastly wealthier than the typical renter at all stages of life. You're probably based in one of the minor cities like Perth? It's true that bidding apps won't push up rents in cities where there's an oversupply of property, but in major cities like Sydney and Melbourne (and anywhere the rental market is tight) these bidding apps will definitely put upward pressure on rents.
Yes . Typical renter's. We like having money left over to squander.
We don't know how to spend money on the lush Wonderland full of excitement and joy that interests rates bring.
True. The type of person who squanders their income on rent payments will also tend to squander it in other ways too.
It's why the typical homeowner is vastly wealthier than the typical renter at all stages of life. You're probably based in one of the minor cities like Perth? It's true that bidding apps won't push up rents in cities where there's an oversupply of property, but in major cities like Sydney and Melbourne (and anywhere the rental market is tight) these bidding apps will definitely put upward pressure on rents.
Hahaha, these superior home owners buying with cash withdrawals on equity are they Shadow? Much smarter than 'squandering' it and paying for it outright 😂. Gosh you're not even trying to hide how much of a backwater spiv you are.
Homeowners are 'theoretically' wealthier at some stages of life and it's based on your beloved equity, a hypothetical value based on economic conditions of the time.
I don't expect you to understand this as you believe equity is tangible 😂
Homeowners are 'theoretically' wealthier at some stages of life and it's based on your beloved equity
Partly based on equity, but homeowners also have more non-property wealth at all stages of life, which comes from not squandering their income on rent, booze, ciggies, pokies etc.
Partly based on equity, but homeowners also have more non-property wealth at all stages of life, which comes from not squandering their income on rent, booze, ciggies, pokies etc.
Ok. I'll remember that next time I'm in 2005.
Yes most people that own property are doing pretty well.
5 years ago if you owned a taxi you were doing pretty well.
1o years ago if you owned a newspaper you were doing pretty well.
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