A Boring Dystopia

9651 readers

346 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 1 year ago

MODERATORS

givesomefucks@lemmy.world

Renting: Can bidding wars be stopped? (www.bbc.co.uk)

submitted 10 months ago by dr_scientist@lemmy.world to c/aboringdystopia@lemmy.world

11 comments fedilink hide all child comments

I had no idea this was going on.

you are viewing a single comment's thread
view the rest of the comments

[–] deegeese@sopuli.xyz 15 points 10 months ago (3 children)

If they ban bidding wars, landlords will raise the listing prices above what they think it’s worth.

Then next year we’ll be hearing about empty apartments with crazy asking prices.

[–] stolid_agnostic@lemmy.ml 7 points 10 months ago (1 children)

Some people would rather earn no money than some money. It’s weird and what happens commonly in Buenos Aires. I think it might be the sunk cost fallacy.

[–] deegeese@sopuli.xyz 12 points 10 months ago (1 children)

For investment property, the rent determines how much you can borrow against the property.

Long term it’s sometimes better to leave empty for a while than take the valuation hit.

[–] stolid_agnostic@lemmy.ml 1 points 10 months ago* (last edited 10 months ago)

Is "a while" 5 - 10 years? We're not talking about leaving it open for a season, but rather for years and years on end.

[–] Ilovethebomb@lemm.ee 6 points 10 months ago

You'll more likely end up with a Dutch auction situation, where they start high and slowly drop the price until someone takes it.

[–] Lucidlethargy@sh.itjust.works 4 points 10 months ago

Eh, I doubt it. Let them try.