I had no idea this was going on.
If they ban bidding wars, landlords will raise the listing prices above what they think it’s worth.
Then next year we’ll be hearing about empty apartments with crazy asking prices.
Renting: Can bidding wars be stopped?
Submitted 11 months ago by dr_scientist@lemmy.world to aboringdystopia@lemmy.world
https://www.bbc.co.uk/news/newsbeat-67618590?at_campaign=KARANGA&at_medium=RSS
Comments
deegeese@sopuli.xyz 11 months ago
Ilovethebomb@lemm.ee 11 months ago
You’ll more likely end up with a Dutch auction situation, where they start high and slowly drop the price until someone takes it.
Lucidlethargy@sh.itjust.works 11 months ago
Eh, I doubt it. Let them try.
Cosmicomical@kbin.social 11 months ago
You should just immediately dismiss a property when they tell you there are other offers. If enough people does it, in the long term this will make the landlords reconsider. Easier said than done, i know
LemmyKnowsBest@lemmy.world 11 months ago
LOL I can’t believe the realtors would not get rid of the mushrooms growing out of the wall before offering a showing to perspective tenants LOL
Witchfire@lemmy.world 11 months ago
They know people are desperate, and are pulling the noose tighter
LemmyKnowsBest@lemmy.world 11 months ago
I can see the landlord:
“You WILL pay extra for this toxic mold, inedible mushrooms, and rat roommates, BECAUSE YOU’VE GOT NO OTHER OPTIONS. Now place your bids.
Highest bidder earns the privilege of sleeping with rats & scraping mold.
The rest of you, prepare your cardboard boxes for the streets which have HOMELESS rats in even greater quantity than the recesses of these apartment walls.
Mwah-ah-AH!”
andthenthreemore@startrek.website 11 months ago
It’s London, they know it will get let no matter how bad it is.