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submitted 2 months ago by theacharnian@lemmy.ca to c/fuck_ai@lemmy.world

cross-posted from: https://lemmy.ca/post/28449417

Canadian mega landlord using AI ‘pricing scheme’ as it massively hikes rents

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[-] 2pt_perversion@lemmy.world 7 points 2 months ago

I don't know, landlords are price fixing but economists all think most rent control schemes are a bad thing for housing and rental markets on the whole as well. It really seems that the only solution to fighting end stage capitalism is to just have the government itself compete in the rental and housing markets.

[-] Noodle07@lemmy.world 1 points 1 month ago

Economists? Or right wing economists?

[-] 2pt_perversion@lemmy.world 1 points 1 month ago

Just Economists. Rent control accomplishes a very limited amount of goals in an non-ideal way. There's plenty of information available on the internet about the downfalls but it basically all comes down to landlords looking to maximize their returns and doing everything possible to avoid rent control and enshittify things for those already in rent control while at the same time halting private development of any new apartments because they can get greater returns elsewhere...so housing options conversely become more scarce.

this post was submitted on 07 Sep 2024
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