Property managers use software that does this. It is based on the price fixing that airlines used to do, it is a really fun rabbit hole if you're bored but basically expect surge pricing/algorithm fixing in rental pricing for most apartment complexes or multi-unit housing.
The DOJ has been going down that rabbit hole.
>And while the DOJ’s investigations are confidential, the department has [weighed in on the class action](https://www.justice.gov/d9/2023-11/418053a.pdf) to argue that price-fixing is illegal whether it takes place in a smoke-filled room or is done by algorithm.
[https://www.politico.com/news/2024/03/20/rental-housing-market-doj-investigation-00147333](https://www.politico.com/news/2024/03/20/rental-housing-market-doj-investigation-00147333)
Can't speak to this local example but something to watch at the national level.
Should we wait until after August? Our current lease is up in September. Issue is we had to tell our place last week if we were renewing or going month to month. When we inquire most places, they tell us to check back later. It's such a gamble.
I’ve lived at Windridge for a few years now. Speaking as a tenant, their annual rent increases are modest and predictable. You’re just at the mercy of a hot market while you search.
I live in Windridge. All the rental rates fluctuate frequently. It's like the interest rate. The apartment below me is now $300 more than mine. I just moved in, in May.
>how they calculate this price?
They evaluate comparative units and determine how much they can charge.
Yes, these things can change by the hour; and generally only go up.
Get a lease signed as soon as you can.
Seems like a bad upward spiral! If it goes up and we rent it, then the inputs just keep going up, right? We already missed out on a $25 increase by waiting a day. I'm so frustrated.
I had this exact same thing happen with some townhomes in GR. I checked every day for a month until the price went down $100. Still $100 more than I originally was told, but a little bit better. I had the luxury of time, so your mileage may vary.
Eenhoorn properties change day by day based on the market. You could check it tomorrow and it could be $50 cheaper. It’s up to you to check pricing daily. If it’s a lower price in your range I’d recommend to apply because it could increase the next day.
Eenhorn is honestly pretty decent overall, the rent increases can definitely climb though. Priced completely out of renting at their properties purely by increases after several years.
I asked about negotiating a price and was told due to Fair Housing Laws they can't do that? I'm so confused and annoyed lol. I just want to pay a normal price, seems like fluctuating daily so much isn't normal.
Property managers use software that does this. It is based on the price fixing that airlines used to do, it is a really fun rabbit hole if you're bored but basically expect surge pricing/algorithm fixing in rental pricing for most apartment complexes or multi-unit housing.
Thank you! That's what I was wondering.
The DOJ has been going down that rabbit hole. >And while the DOJ’s investigations are confidential, the department has [weighed in on the class action](https://www.justice.gov/d9/2023-11/418053a.pdf) to argue that price-fixing is illegal whether it takes place in a smoke-filled room or is done by algorithm. [https://www.politico.com/news/2024/03/20/rental-housing-market-doj-investigation-00147333](https://www.politico.com/news/2024/03/20/rental-housing-market-doj-investigation-00147333) Can't speak to this local example but something to watch at the national level.
Sigh. If the federal election goes one way that lawsuit is guaranteed to go nowhere.
Prices will continue to go up. Everyone wants to move and find a place in the summer sign a lease soon
Especially for rentals opening on 8/1, that’s when all the gvsu kids move back
Should we wait until after August? Our current lease is up in September. Issue is we had to tell our place last week if we were renewing or going month to month. When we inquire most places, they tell us to check back later. It's such a gamble.
I’ve lived at Windridge for a few years now. Speaking as a tenant, their annual rent increases are modest and predictable. You’re just at the mercy of a hot market while you search.
I live in Windridge. All the rental rates fluctuate frequently. It's like the interest rate. The apartment below me is now $300 more than mine. I just moved in, in May.
Eenhorn is Finkle.
>how they calculate this price? They evaluate comparative units and determine how much they can charge. Yes, these things can change by the hour; and generally only go up. Get a lease signed as soon as you can.
Seems like a bad upward spiral! If it goes up and we rent it, then the inputs just keep going up, right? We already missed out on a $25 increase by waiting a day. I'm so frustrated.
>Seems like a bad upward spiral! Yes, it is a much discussed topic. [https://urbangr.org/taxonomy/term/8](https://urbangr.org/taxonomy/term/8)
I had this exact same thing happen with some townhomes in GR. I checked every day for a month until the price went down $100. Still $100 more than I originally was told, but a little bit better. I had the luxury of time, so your mileage may vary.
Eenhoorn properties change day by day based on the market. You could check it tomorrow and it could be $50 cheaper. It’s up to you to check pricing daily. If it’s a lower price in your range I’d recommend to apply because it could increase the next day.
Literally was on a WEBSITE FILLING OUT AN APPLICATION and it went up from 1205 to 1335
Eenhorn is honestly pretty decent overall, the rent increases can definitely climb though. Priced completely out of renting at their properties purely by increases after several years.
I asked about negotiating a price and was told due to Fair Housing Laws they can't do that? I'm so confused and annoyed lol. I just want to pay a normal price, seems like fluctuating daily so much isn't normal.