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.
![[Misc] Less parking more green evolution in a Parisian street](https://jlai.lu/pictrs/image/b287d811-fc24-4f77-a20d-7a52f5d7dc1c.jpeg){kind=link}
Nope. Increase in rent shows the pumped up scarcity.
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.
You mean shitty places with no amenities rent for the same as desirable locations because of algorithms? TIL
No, they renovate it to increase the property class, rent cost for this one, and rent prices overall