The market price is the price for which people are renting places based on market forces.
replyIf the only market forces are landlords keeping half of their units empty so they can keep $1400 units priced at $2400 because that’s what the software (and indeed service) are pushing them to do, that’s price fixing.
There’s extra steps, it’s a new form, but the price is fixed, and the point of allowing housing to be built isn’t being fulfilled.
Math failure here. If you keep half your $1400 units off the market and get $2400 for the others you are losing $400 per unit. Also there is zero evidence any landlords were doing this.
replyExcept you can write off those $1400 units as $2400 of losses that will offset profits from another part of your business.
replyNot everything is "Economics 101."
>Except you can write off those $1400 units as $2400 of losses that will offset profits
replyNo, the IRS doesn't allow tax deductions for the "missing $2400 rents" of unrented units. IRS only allows deducting ongoing expenses such as "maintenance, insurance, taxes, and interest," :
You don’t need evidence for vibes based thinking. The goal is to satisfy emotional needs, not logical consistency.
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