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by orangecat 5284 days ago
however the brokers still had stuff that was moving too fast to ever make it to a website

Considering one can easily get up-to-the-second stock quotes, this seems like a solvable problem.

I moved to NYC recently, and the apartment hunting process is ridiculous. There's no reason for floor plans and availability to not be online and easily searchable; I'm assuming there's some sort of regulatory capture by the brokers.

2 comments

At this point I'm convinced that it's going to require new regulations to make this happen. The information is not required to be kept open and available on a large scale. There are no repercussions for having an out of date floorplan with the building commission. Neither owners nor brokers have any incentive to put this information online during vacancy because it creates unnecessary work in a market where an opening sells itself. And when that vacancy is filled they have no incentive because they have better things to do.

If you could somehow incentivise tenants, owners, or brokers to update this information when they move in or just before they move out then you could solve this. But I don't think that's going to happen without deep pockets lobbying an addon bill in washington.

Some communities have made rental owners register their properties as rentals. I live in a college town and we have problems with uncut lawns, trash, noise violations. The rental registry is a way to track the actual owner of the property and not the sometimes ever changing occupant.
It is a solvable problem. The biggest problem I see with every single site out there, especially those in Seller's markets, is that they cater to the buyer first. The only apartment guide that will every work in a major city will target the person who owns the apartment and it will help that person (1) maximize revenue per month && (2) make sure the person doing the renting is trustworthy and will always be able to pay rent on time.