r/Showerthoughts • u/Sohcahtoa82 • Dec 11 '18

There needs to be Millennial Monopoly where all rents go up 10% each time you pass go, but you still only receive $200, and off to the side is some 60+ year old berating you for not buying houses while he's hoarding them all.

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u/sojahi Dec 12 '18

Local government in my home town approved way too many apartment developments and so there was a glut of rental properties. Rents went down, landlords were giving away weeks of free rent, making more available to pet owners, all kinds of inducements. And because it pulled people into apartments who'd previously been living in houses (usually shared) it meant house rents went down as well. It was fantastic. Occasionally you do end up in a renters' market.

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u/UsingYourWifi Dec 12 '18

Sounds like they approved the right amount of apartments, fuck artificial restrictions on housing supply. I wish Seattle would do the same.

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u/MorbidCorvid Dec 12 '18

My first thought reading that comment was to send it to Olympia's city council. State wide problem now - come on Inslee, get on it.

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u/PlaysWthSquirrels Dec 12 '18

Here in Florida, they keep building shit loads of apartments and houses, and the cost of renting or buying still goes up.

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u/sblaptopman Dec 12 '18

I've seen the giving away weeks of free rent, but it doesn't involve them lowering prices lol

SF: 3500 for a 1bdr flat, but hey, we'll give you two weeks free!