this post was submitted on 23 Oct 2024
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Fuck Cars

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[–] NarrativeBear@lemmy.world 8 points 3 weeks ago (2 children)

I think your statment here is actual in reverse of what you may want to point out.

An increase in rent shows a induced demand for the property. More people are wanting to live in this location, thus the rents have gone up because of this demand. The rent did not go up because of the cost of installing those trees, but because the trees are there.

Similarly homes located near public parks, schools, hospitals, or transit may have a higher price tag because more people want said properties.

[–] Aceticon@lemmy.world 3 points 3 weeks ago* (last edited 3 weeks ago)

In London you can literally spot where the subway stations are from a map of rent prices since prices within an area go up the closer a place is to the tube.

[–] humblebun@sh.itjust.works -2 points 3 weeks ago (1 children)

An increase in rent shows a induced demand for the property.

Nope. Increase in rent shows the pumped up scarcity.

More people are wanting to live in this location, thus the rents have gone up because of this demand.

Again nope. You are spreading propaganda without knowing it. Rent is driven by rental algorithms like Yardi and Realpage. Supply and demand do not work if the property is in the hands of few that calculate their prices using the same database and the same algorithms.

[–] jaybone@lemmy.world 3 points 3 weeks ago (1 children)

You mean shitty places with no amenities rent for the same as desirable locations because of algorithms? TIL

[–] humblebun@sh.itjust.works 1 points 3 weeks ago

No, they renovate it to increase the property class, rent cost for this one, and rent prices overall