Oddbean new post about login | logout do you think the rising rent costs is valid?
Yes. Is it manipulated? oh yea.
Yes, because real estate values AND interest rates are climbing. However, real estate rates are primarily climbing as a function of their use as a Store of Value. Under a hard money system people wouldn't be forced into becoming investors just to protect their savings. Bitcoin fixes this
Yes. It's not good, but it's to be expected after increasing the money supply by 40%. The more fixed the supply of something, the more its price reacts to inflation. And housing is a fairly fixed supply with only a limited number of new units added each year.
Yes. When the money is inflated, asset prices increase. The cost to purchase a home increases and therefore the underlying mortgage cost for the landlord increases as well. The cost to maintain the home also increases as labor and material costs increase. Therefore rents need to increase to maintain margins for the landlord. But all this is systemic of broken money. So with that lens on, no.
Mine went up 22% this year. It’s not the fault of any specific individual, although there are better and worse landlords. The money is broken and this is the result. Thank god my savings are up 80%+ in response. Thank god for Bitcoin basically.
How many landlords are not landlords because it suits them and they want to be good landlords, but because they heard it's a good way to earn money or a good store of value?
With broken money, unfortunately yes.
I’m not entirely sure… I go back and forth. The small town I grew up in randomly turned into a movie town and now my childhood home is worth almost 3 times what my mom paid for it. The culture of the town is different, the school systems been degraded but it’s profitable… so maybe??