348

Those seem incompatible to me.

(UBI means Universal Basic Income, giving everyone a basic income, for free)

you are viewing a single comment's thread
view the rest of the comments
[-] chicken@lemmy.dbzer0.com 5 points 8 months ago

I've seen that stuff but it's too much to assume that this kind of coordination is the controlling factor in housing prices, or most other prices. You do need a monopoly because there's too much incentive for defecting from the conspiracy if the fixed price is too far away from what the market price would be. I think housing is expensive mainly because of supply being suppressed and wealth inequality, and UBI would begin to address the latter.

[-] Philippe23@lemmy.ca 4 points 8 months ago
[-] chicken@lemmy.dbzer0.com 2 points 8 months ago* (last edited 8 months ago)

the use of this software prevented landlords from courting would-be renters through the use of different discounts, said the lawsuit. For instance, landlords sometimes offer move-in deals or compete on prices but the use of Yardi’s algorithmic pricing tool disrupted that practice, claimed the attorneys ...

Overall, the rate of rent growth has fallen back toward historical norms after nearly two years of historically high growth.

Like I mentioned in another comment, I can see how this kind of thing could make some difference in pricing by avoiding giving renters deals that wouldn't have actually been necessary to secure a lease. That's very far from being evidence that supply and demand doesn't even apply and the market price is dictated by fiat, which is an absurd conspiracy theory that doesn't follow at all from any of the articles being linked.

[-] ZoopZeZoop@lemmy.world 3 points 8 months ago

How do you explain cereal being $8 a box, when it was $5 pre-COVID or the million other products that now cost more? There are recordings of board meetings that were leaked of board members admitting that they inflated prices or unnecessarily kept prices inflated because they knew people would pay it.

[-] chicken@lemmy.dbzer0.com 3 points 8 months ago

Why could that not have an explanation that is primarily about economic forces? They printed a ton of money around when Covid happened, and the distribution of wealth shifted significantly. I can buy that businesses could be eking out a little more efficiency by coordinating, but not that we are in a secret command economy and economics is basically all fake.

[-] orrk@lemmy.world 4 points 8 months ago

the "printing of money" has fuck all to do with inflation, and mainly comes from pop-economics that is stuck somewhere around mercantilism.

Corporation simply realized that they are playing the prisoner's dilemma with prices, and are now going for the "optimal solution"

this post was submitted on 09 Jan 2024
348 points (100.0% liked)

Showerthoughts

29254 readers
1145 users here now

A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The best ones are thoughts that many people can relate to and they find something funny or interesting in regular stuff.

Rules

founded 1 year ago
MODERATORS