304 sats \ 1 reply \ @SpaceHodler 15 Nov 2023 \ parent \ on: _Broken Money_ book club, part 4 bitcoin
I have a rental income and, for the same reason, hardly ever raise rent. When a tenant moves out, I raise it for the next one. So my rent is sticky, but also my tenants are sticky, because they know that when they move their rent will catch up with the market reality.
I think if we ever get on a Bitcoin standard, people will just have to accept wages going down (and rents and prices; after all they're all prices, whichever side 'the little man' is on).
We may have metrics to help with that, e.g. if the economy grows by 5% (not in BTC of course) in a given year, they will have to accept a 5% wage decrease. How we measure the economic growth is another story and potentially prone to manipulation.
Yeah, measuring anything is hard, and then Goodhart's law kicks in.
I have a rental income and, for the same reason, hardly ever raise rent. When a tenant moves out, I raise it for the next one.
Could you talk me through it on your side? Are renters hard to get, so when you get a good one you want to be maximally nice? I have a friend who has a lot of rental properties, and his motivation is a combo of what I said + pity. He's been taking a loss for more than a decade on one place, but the renter is nice and has few options; and the place is gaining equity, so he can be philosophical about it.
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