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What if every landlord but one raised the price by 1000 a month, and that one realized he could get more business by raising only 900 a month, so in response to
by ALittleLight 6y ago
What if every landlord but one raised the price by 1000 a month, and that one realized he could get more business by raising only 900 a month, so in response to that one landlord others lowered to only +800 so the one countered with +700... Etc. Etc.
- ShroudedNight 6y agoThis argument would be much more persuasive if each landlord could supply an effectively unlimited supply of housing. As things currently stand, a landlord reducing his rent would clear his limited inventory first, but the broader effects of the actions of a single agent would be fairly muted.
- afarrell 6y agoIf only there was a way to turn money into more housing on top of the same area.
- coldtea 6y agoAfter a while there's not. You need some urban planning, not just random accumulation of new housing...
- jacobush 6y agoZoning also needs fixes
- Robotbeat 6y agoIt is amusing that folks kind of ignore the possibility of multiple storeys (and increasing supply of housing generally).
- ac29 6y agoSure, in theory you can eminent domain a neighborhood of low density housing and replace it with higher density housing. In practice though, its politically impossible most places.
- coldtea 6y agoIf most landlords have a few properties, that's a no go. If they have 1000s and all are under demand, that's a no go as well. Only if there are empty houses because people can't afford them will that scenario be able to play...