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zxxh | 1 year ago

I’m actually a landlord and my management company literally just has a list of all the rents being paid in my condo complex. Once I saw that I basically gave on my job as a SWE. We are just working for our landlords, you can’t win.

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LeafItAlone|1 year ago

I’m not sure what you are trying to say here?

whoknowsidont|1 year ago

He's saying that land lords were dramatically increasing prices because they could, in spite of supply and demand.

Another reason why landlords need extreme oversight.

addicted|1 year ago

I don’t understand it either. Wouldn’t the people who collect the rents in the building have a list of all the rents in the building?

rco8786|1 year ago

You saw that people were paying rent, so you gave up on your SWE job? I don’t get it.

esalman|1 year ago

I think OP meant how much people were paying in rent. "We're working for our landlords"- bulk of people's salary is spent on rent, so it's more profitable to become a landlord rather than grinding and paying rent.

neilv|1 year ago

Do you know how they got that list?

(Do they just manage the property and collect condo fees, or do they also collect rents?)

nothercastle|1 year ago

If you monitor the public for rent posts you could mine that data over time. Most units turn over every couple years it wouldn’t take long to get a complete picture. You just wouldn’t know the incremental adjustment though you might be able to buy that from a broker

alchemist1e9|1 year ago

In markets it helps greatly to have prices published publicly. Perhaps private rental transactions in apartment buildings should be required to be posted publicly?