Market Rates
#1 in a planned occasional series on Corporate Tips and Tricks! We're moving to a new apartment. In the same building. Owned by a larger Property Management corporation, and I am pretty sure they all pretty much follow the same policies nowadays because this is not the first time we've run up against 'market rates'. The Rep of the PMC told us that if we started on a certain future date the price would be a certain amount, let's say $3500 per month. But if we waited 4 or 5 days after that the price would be higher. They had a list of dates at which the price would change and the amounts for each date. Each date the price was higher than the previous date. They said this was based on 'market rates' although how they know what future market rates are going to be was not disclosed. So I got curious and asked ChatGPT because AI chatbots are the new thing now. Here's the conversation: Me: When apartment complexes have a set list of dates that prices of apa