this post was submitted on 23 Oct 2024
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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.
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.
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