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[deleted] t1_itsc4mn wrote

Reply to comment by ChuckIT82 in Rent too damn high? Landlords have formed an illegal cartel according to several reports by cogitator_tertius

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loptopandbingo t1_itscu6p wrote

If you have a cartel and price fixing by that cartel, it's no longer ChArGiNg WhAt tHe MaRkEt WiLL BeAr, it's market manipulation.

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VAJazzCabbage t1_itsessf wrote

Any econ 101 student will let you know that cartels are inefficient and never work unless they keep the prices low enough to dissuade competition. Like oil. Opec isn't effective at keeping the oil sands out of business by jacking up the price... Infact it's about cheap oil that keeps them rich.

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[deleted] t1_itsfk8o wrote

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PancakesAndAss t1_itsgtci wrote

The issue is not one person doing this.

The issue is when people get together to fix prices like that.

Or should we assume that you a part of this?

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chairmanbrando t1_itshjpt wrote

Their account had no activity until their first comment in this thread, and while I doubt they're a part of this cartel, they probably are a shitty landlord that jacks up rent just because everyone else is doing it.

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StylishSuidae t1_itssl94 wrote

> If u don’t like it, go live somewhere cheaper.

You fundamentally do not understand what market manipulation (and therefore the subject of this entire thread) is.

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CottierDisinflations t1_itsf2ud wrote

Housing isn’t really a ‘I’ll do it if I can afford type of thing.’ It’s kind of necessary for survival.

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[deleted] t1_itsux0a wrote

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Ditovontease t1_itu54ky wrote

No one owes you shit for buying up properties and renting it out ABOVE market rate. Like what the hell is wrong with you

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[deleted] t1_itug7he wrote

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Richmond92 t1_ituibul wrote

You’re describing a libertarian lala land that does not exist and has not existed since the era of the Great Depression. And I don’t think I need to tell you why the Great Depression happened. If you had actually taken the “Econ 101” class you’re touting in this thread, you might have learned about cartels, market manipulation, and monopoly capitalism. These cartels are not abiding by some natural law of “supply and demand”. They have collectively taken control of the market such that they no longer need to abide by “supply and demand” economics.

Telling someone to “just move somewhere else” is the sort of argument a 16 year old libertarian kid makes when people start making points about the limits of unregulated markets. These 16 year olds have never had families or maintained jobs beyond 6 months at the baskin robbins. There is far more nuance to the economic landscape than the maxim of “supply and demand”, principally because that maxim doesn’t remotely reflect upon how the real world works.

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[deleted] t1_itsg3bx wrote

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MrSpankers69 t1_itsjqg2 wrote

Yea dude literally every other first world country has some sort of rent regulation set up and they’re doing fine lol

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Charlesinrichmond t1_itv342i wrote

no, not fine. Read up on how long people wait to get housing. Or look at the great american success stories in New York City and San Francisco, which are known for being cheap easy places to get rentals thanks to 80 years of regulation... oh wait a minute.

Basically this is entirely wrong. Google it. Or read Paul krugman, a left economist, on why it's idiotic

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plummbob t1_itskjdh wrote

There are widespread shortages as a result. Wait lists are famously long in places like Munich or Stockholm where wait periods can be nearly a decade.

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RVA_Beach t1_itskem4 wrote

Yeah and when everybody “moves somewhere cheaper” who the fuck is gonna work at all the places that make a city function?

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predicktable_x t1_itsunh2 wrote

Where is it cheaper?

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[deleted] t1_itsur3b wrote

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predicktable_x t1_itsvjbz wrote

No, actually it is pretty much the same 15 minutes away in all directions. 😆 The rent is too damn high.

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saltyyellowcracker t1_itszbti wrote

Not true. I looked at apartments in Chester instead of Richmond, and it was cheaper by maybe 50 bucks. Come back when you’ve lived in the real world and not your mother’s basement.

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lostmy2A t1_itsepyr wrote

If the alternative is being homeless I guess 60-70% of their income sounds fair, no? /s

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[deleted] t1_itsfvaz wrote

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lostmy2A t1_itsilbd wrote

Youre just a miserable cunt aren't you

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[deleted] t1_itst0pu wrote

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saltyyellowcracker t1_itsz67h wrote

What does a housing market cartel have to do with workers owning the means of production? Or is it just that you have no clue what socialism is, and it’s just a trigger word for you?

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lostmy2A t1_itt9omv wrote

Corporate socialism is so hot right now. Sounds like something you'd be into. You should check it out.

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LostDefectivePearl t1_itub8ct wrote

Do you think you’re the only person here who isn’t a socialist? You’re just the only fucking brain dead idiot here who doesn’t understand that a cartel of price fixing is not capitalism

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dogwithab1rd t1_itsrjvc wrote

There IS nowhere cheaper. I already tried. I hauled my shit 3 hours south to Roanoke and I'm miserable. It was supposed to be "cheaper" and it isn't. Where the fuck else are people like me supposed to go? I shouldn't have had to leave my goddamn hometown, that I adore, in the first place. Not to mention, if people leave in droves, it'll just raise the rent in other cities due to population boom. Reality 101.

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sagegreen69 t1_itt0yzd wrote

Come to Cburg. I pay less than $400 for my share of rent, local fastfood is hiring for 29k per year. That's 17% of income on housing if you work 40 hours.

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dogwithab1rd t1_itt3egz wrote

Hello from Blacksburg! 😁

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sagegreen69 t1_itt4fqq wrote

Howdy neighbor!

Bburg is expensive and more so now than when I first moved from rva. We moved to cburg for the cheap rent and although I seriously miss the bburg community events and parks, I can now afford to save. Hoping to move back to rva eventually. I hope you make your way back too if that's what you want! Rva is special.

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dogwithab1rd t1_itt5ur7 wrote

Howdy! It's nice to see someone who also moved to the NRV from Richmond!

I live with my boyfriend now, and our place is actually really decent, especially given how expensive the rest of this town is. I think we pay about $850 for a 1bd? I used to live with my mom in RVA, and she now pays $1300 for a place in Roanoke. Not nearly as expensive as Richmond, but still far from ideal.

I do hope to go back once he graduates from college. I miss RVA so, so much, but Blacksburg and Christiansburg have wormed their way into my heart too. 💕

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fractalflatulence t1_itug1b3 wrote

Blackburg isn’t Roanoke so lol @ “I hauled my shit 3 hours to Roanoke and it was suppose to be cheaper”

That’s like saying “I moved to Fulton because it was supposed to be cheaper than the fan… hello from Colonial Williamsburg!!”

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dogwithab1rd t1_itvgn2c wrote

You think I don't know that?

TLDR, since you didn't seem to read my other comment: lived with mom in RVA. Mom moved to Roanoke. I moved in with my boyfriend in Blacksburg. I go between the two houses a lot because Roanoke is right there. I said "Roanoke" initially for simplicity, because not everyone knows what Blacksburg is.

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fractalflatulence t1_itvhoce wrote

>I said "Roanoke" initially for simplicity, because not everyone knows what Blacksburg is.

and that's what I was replying to because you were implying that Roanoke is not cheaper than Richmond.

The average rent in Roanoke is $895/month for a 1bdrm apartment. In Richmond it's $1,395 ... 150% as expensive.

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dogwithab1rd t1_itvkc6d wrote

You're right. That right there is why I told her to consider Roanoke. However, she has a 2bd, and there's a million other things that make it complicated. It's really not that much cheaper with her circumstances. There's a countrywide crisis. It's just particularly bad in Richmond, which is why we left.

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fractalflatulence t1_itvlqgu wrote

Maybe you should avoid making general statements when you're really only talking about you mom's specific scenario...ignoring for a second that saying roanoke and meaning blacksburg isn't something any normal person would just assume off the bat.

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dogwithab1rd t1_itvo09y wrote

Just a question, what do you gain from arguing with me about this? Like, why does it matter? Why must my statement about Roanoke (and yes, I mean Roanoke, not Blacksburg) vs. Richmond be criticized because I... go between both towns and didn't specify the ins and outs of my exact living situation? 🤦‍♂️

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[deleted] t1_itstwr2 wrote

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dogwithab1rd t1_itt2z3a wrote

A friend of mine was living in a rental that was "affordable", but didn't have running water for several weeks. Are those really the conditions you think we deserve to live in? It's not a matter of "disliking" it, it's a matter of it being literally hazardous. Which is its' own problem, honestly. And regardless, we deserve to like where we fucking live.

And if you really didn't "care about my hometown", would you be in the Richmond subreddit getting downvoted to the 7th level of hell for being a landlord bootlicker?

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[deleted] t1_ituex2o wrote

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tastysnake667 t1_itugjkr wrote

Uh that’s like $3500 a month , I’m sure that’s not true at all.

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crack_spirit_animal t1_ituh2a4 wrote

https://www.google.com/amp/s/www.cnbc.com/amp/2021/07/14/full-time-minimum-wage-workers-cant-afford-rent-anywhere-in-the-us.html

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tastysnake667 t1_ituh7gh wrote

Said nothing about two people. But

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forgottenyears32 t1_itskceq wrote

sorry but if you’re unironically simping for fucking landlords you probably should re-evaluate that stance. Holy shit what a moronic take

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[deleted] t1_itstds1 wrote

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SassySnippy t1_ittmfnf wrote

You said the fucking meme, holy shit. How dare people want their basic needs to be affordable.

Landlords produce nothing for a society and are parasites. You can gloat all you want that it's "basic economics", but you gotta realize that you still makes you a terrible person and people will justifiably hate you for it

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ttd_76 t1_itvwb8d wrote

I don't hate them for being right.

We need way more landlords, not less.

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redditSupportHatesMe t1_itt23fv wrote

Tell me you don't understand how anti trust works without telling me you don't understand how anti trust works.

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