▲ 581 ▼ Chipotle stock craters as company says young people without jobs can't afford their food anymore (finance.yahoo.com) submitted 10 months ago by cantankerous_cashew@lemmy.world to c/news@lemmy.world 217 comments fedilink hide all child comments
[–] gandalf_der_12te@discuss.tchncs.de 2 points 10 months ago (1 child) as high as possible as high as possible without losing customers to competing landlords permalink fedilink source parent hideshow 2 child comments replies: [–] rockSlayer@lemmy.blahaj.zone 1 point 10 months ago (2 children) There are homeless people. They've already priced out millions of people. They don't give a shit about "losing customers". RealPage is the default service in the US, meaning everyone's rent in each city is in the same ballpark and gets the same rent increase every year. permalink fedilink source parent hideshow 4 child comments replies: [–] Lyrl@lemmy.dbzer0.com 2 points 10 months ago Not everywhere. Shockingly to many, cities with higher rates of apartment construction have falling rents. https://www.redfin.com/news/rental-tracker-may-2025/ “Apartment construction in America has been hovering near a 50-year high, and even though renter demand is strong, it’s not keeping pace with supply,” said Redfin Senior Economist Sheharyar Bokhari. “Many units are sitting vacant for months, which means renters have power to negotiate concessions and landlords have less leeway to keep rents high.” permalink fedilink source parent [–] gandalf_der_12te@discuss.tchncs.de 1 point 10 months ago They’ve already priced out millions of people. yeah because construction costs alone are higher than these people can pay in rent. permalink fedilink source parent
[–] rockSlayer@lemmy.blahaj.zone 1 point 10 months ago (2 children) There are homeless people. They've already priced out millions of people. They don't give a shit about "losing customers". RealPage is the default service in the US, meaning everyone's rent in each city is in the same ballpark and gets the same rent increase every year. permalink fedilink source parent hideshow 4 child comments replies: [–] Lyrl@lemmy.dbzer0.com 2 points 10 months ago Not everywhere. Shockingly to many, cities with higher rates of apartment construction have falling rents. https://www.redfin.com/news/rental-tracker-may-2025/ “Apartment construction in America has been hovering near a 50-year high, and even though renter demand is strong, it’s not keeping pace with supply,” said Redfin Senior Economist Sheharyar Bokhari. “Many units are sitting vacant for months, which means renters have power to negotiate concessions and landlords have less leeway to keep rents high.” permalink fedilink source parent [–] gandalf_der_12te@discuss.tchncs.de 1 point 10 months ago They’ve already priced out millions of people. yeah because construction costs alone are higher than these people can pay in rent. permalink fedilink source parent
[–] Lyrl@lemmy.dbzer0.com 2 points 10 months ago Not everywhere. Shockingly to many, cities with higher rates of apartment construction have falling rents. https://www.redfin.com/news/rental-tracker-may-2025/ “Apartment construction in America has been hovering near a 50-year high, and even though renter demand is strong, it’s not keeping pace with supply,” said Redfin Senior Economist Sheharyar Bokhari. “Many units are sitting vacant for months, which means renters have power to negotiate concessions and landlords have less leeway to keep rents high.” permalink fedilink source parent
[–] gandalf_der_12te@discuss.tchncs.de 1 point 10 months ago They’ve already priced out millions of people. yeah because construction costs alone are higher than these people can pay in rent. permalink fedilink source parent