[chgs]

If you live in an in demand area there is no risk. Price can be increased until people move out.

If you live where there’s no demand and r prey houses already you can force prices down just as easily.

Mortgages prove costs aren’t passed on. A landlord with a lot gage doesn’t on the whole charge a higher rent than one without.

[protocolture]

>A landlord with a lot gage doesn’t on the whole charge a higher rent than one without.

Thats literally my experience, the new owner with a mortgage charged me more.

[eru]

You got lucky with the old owner. They gave you a sweetheart deal.

I hope your new landlord will lower your rent, when they refinance to a cheaper mortgage. (Or are only higher mortgage rates pass through? What's the difference?)

[protocolture]

>You got lucky with the old owner. They gave you a sweetheart deal.

I shopped around and found a good deal. It including moving to a suburb with cheaper rents and still making sure I found something good.

But this is the market. Its not full of spherical cows, its full of human beings making human decisions.

I found humans who valued longevity over pure profit. This is not a unique scenario, people use rents as retirement income all the time. They wanted a consistent tenant, and the suburb I wanted to move to is famous for inconsistent tenants.

I valued low prices and outdoor space. We found a price we both agreed on. I know of other examples of this happening near where I live, it isnt unique.

Likewise, costs being passed directly to the renter, not unique.

[eru]

> I found humans who valued longevity over pure profit.

LVT does not preclude these precious humans from existing.

[protocolture]

>LVT does not preclude these precious humans from existing.

LVT just punishes them more severely for doing so.

[eru]

No, the opportunity costs are exactly as before. That's why LVT has no deadweight losses.