This Is The Real Rent Crisis In NYC

[Louisville Slugz]

 

[mson]

That's my hood.

 

[cyndaquil]

This is the rent crisis everywhere. Rents are not based upon a % of the median income in a given area. They are priced as high as possible and it's a necessary expense so people are forced to pay it

 

[Elim Garak]

3k

 

[Richard Glidewell]

It's proven collusion at this point..... prices are artificially high and the companies work together to keep it that way......

Watching Mamdani will be interesting

 

[Richard Glidewell]

3k

3k for a new your apt....... meaning a closet

 

[Elim Garak]

3k for a new your apt....... meaning a closet

I'm glad I live in what thecoli considers the middle of nowhere. Ain't no way I'm trying to live in one of these major cities. I don't need to be in the middle of the action.

 

[Turtle]

this is a littleeee misleading but yeah no shyt

 

[Phitz]

It's proven collusion at this point..... prices are artificially high and the companies work together to keep it that way......

Watching Mamdani will be interesting

yes and no

Landlord's of all varieties have accepted the services of a company that uses an AI algorithm that prices rent around the US, I suspect the continentt as I hear you neighbors up north complain. It's no the market that's determining prices but an ALGORITHM

The company that runs this AI algorithm is being sued, For you all sake, I hope they get sued into non existence.

 

[Kasper KArr]

Another reason why your bum broke ass ain’t coming over here @Kasgoinjail

 

[skyrunner1]

It's proven collusion at this point..... prices are artificially high and the companies work together to keep it that way......

Watching Mamdani will be interesting

yes and no

Landlord's of all varieties have accepted the services of a company that uses an AI algorithm that prices rent around the US, I suspect the continentt as I hear you neighbors up north complain. It's no the market that's determining prices but an ALGORITHM

The company that runs this AI algorithm is being sued, For you all sake, I hope they get sued into non existence.

This is happening in all types of industries, the sneaker game went thru this, and the concert ticket/game tickets the same, ect. The sticker shock people experienced just last week for CFB championship was something only rivaling super bowls. These brokers buy up tickets with bots, then use algorithms to slow drip and manipulate the market for maximum profit. Its absolutely insane the stories you hear of people able to fly to Europe and have european vacation while also seeing Beyonce/Taylor Swift on tour in say Paris for cheaper than just buying a concert ticket at home in US because the tickets were bot bought and hiked to price gouging extremes.

Its like people dont realize this happens but that sticker shock is getting to point its becoming a pattern interrupt and has some saying wait a minute.

 

[The War Report]

VCs and private equity are to blame.

 

[skyrunner1]

VCs and private equity are to blame.

EVERY industry.. Insanity

 

[concise]

Speaking of the City Council

 

[Richard Glidewell]

yes and no

Landlord's of all varieties have accepted the services of a company that uses an AI algorithm that prices rent around the US, I suspect the continentt as I hear you neighbors up north complain. It's no the market that's determining prices but an ALGORITHM

The company that runs this AI algorithm is being sued, For you all sake, I hope they get sued into non existence.

Algorithm didn't design and activate itself breh. ........ if anything is being used as a barrier to protect against liability........