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52 sats \ 0 replies \ @siggy47 OP 5 Jun \ parent \ on: FBI Searches Property Management Company in Rent Price-Fixing Investigation econ
I don't disagree with your assessment re it being part of the fiat system. I also hope bitcoin improves things. I manage predominantly small retail centers, with a smattering of apartment buildings, offices, and single family. I am not using any algos for rent. Frankly, it's difficult to even break even at this point. We're constrained from raising rents for the simple reason that our tenants are struggling too. Meanwhile, expenses have soared ridiculously. This algo scapegoating seems to ignore the fact that landlords are naturally constrained by the market.