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Inside the Wild World of Rental Bidding Wars—and What It Takes To Win.
2022 Jun 1, 12:24pm 537 views 14 comments
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13
TheAntiPanicanLearingCenter
2022 Jun 2, 2:40pm
TheAntiPanicanLearingCenter
2022 Jun 2, 2:40pm
Fuckerberg didn't destroy it. Many California libertarian IT guys turned into Woke Shitlibs.
They went from "Right to Dissent to Bush's Wars" to "Controlling Misinformation on the Internet" and went straight from "Don't trust Big Anything" to "We control a Big Something, so let's impose our Technocratic-Faux Skeptic/Science Dictums". Their tolerance was fake, only to get rid of "Born Agains", but as soon as they tasted power they became Born Again Wokies, imposing their views.
Think Dan
Nor is Silicon Valley created by Private Enterprise, it was created by Cold War Government Spending. It's always been sucking the Government teat.
They went from "Right to Dissent to Bush's Wars" to "Controlling Misinformation on the Internet" and went straight from "Don't trust Big Anything" to "We control a Big Something, so let's impose our Technocratic-Faux Skeptic/Science Dictums". Their tolerance was fake, only to get rid of "Born Agains", but as soon as they tasted power they became Born Again Wokies, imposing their views.
Think Dan
Nor is Silicon Valley created by Private Enterprise, it was created by Cold War Government Spending. It's always been sucking the Government teat.
14
SunnyvaleCA
2022 Jun 2, 2:47pm
AmericanKulak says
You forgot: Don't be evil --> We are evil.
They went from "Right to Dissent to Bush's Wars" to "Controlling Misinformation on the Internet" and went straight from "Don't trust Big Anything" to "We control a Big Something, so let's impose our Technocratic-Faux Skeptic/Science Dictums"
You forgot: Don't be evil --> We are evil.
“The rental market is very competitive right now. We are routinely seeing bidding wars (usually reserved for apartments for SALE) on rental units. Based on the response to date, this apartment will surely be headed for competitive bidding, with the VERY HIGHEST OFFER taking it.”
Say what?
While I knew that bidding wars on home sales were common in today’s hot market, I’d assumed that the price on rental listings was what tenants pay, period. Apparently, the rules have changed.
Are rental bidding wars the new norm?
While rental prices plummeted during the early days of the COVID-19 pandemic, particularly in big cities, the tables have turned today in a big way. And the reason for this is the same as for home sales: Demand is higher than supply, creating a pressure cooker situation that drives prices up.
While landlords typically raise the rent to what they think the market can bear, some are apparently shooting too low, which sets the stage for a bidding war.
“Properties are definitely in short supply, and demand is high. Rentals in [both] good and less desirable locations are getting multiple offers,” says real estate agent and attorney Bruce Ailion, of Atlanta’s Re/Max Town and Country. “For example, we had a property that had been renting for $1,260 a month. When the tenant left, we put the property on the market at $1,595 and had over 600 inquiries and close to 30 applications. That means we were underpriced for the current climate.”
Sometimes the surge of interest results in bidding wars or offers over the listed price. Overwhelmed, landlords might simply tell the applicants to submit their “highest and best offer” to see who comes out on top rather than sifting through the pile of applications.
Some agents or landlords anticipate a bidding war—and clearly state that in their ads so tenants like my son are prepared.
https://www.realtor.com/advice/rent/rental-bidding-wars-how-to-win/