5 ms·
You can't make it up on volume, your product isn't elastic enough. There's only so many properties that you can own, and financing right now for both constructi
by _AzMoo 3y ago
You can't make it up on volume, your product isn't elastic enough. There's only so many properties that you can own, and financing right now for both construction and acquisition is incredibly difficult. The only viable way for property managers to grow at the moment is to increase their margins for the same product, which as you're likely aware, means either decreasing their costs or increasing their prices. They are doing both.
- HDThoreaun 3y agoIf they’re not withholding supply they’re not colluding. They’re just charging the market price. Cartels only work if they’re able to lower supply.
- _AzMoo 3y agoThey can lower supply by leaving units empty.
- HDThoreaun 3y agoare they?
- _AzMoo 3y agoYes they are, it's common in the industry. Source: I work for a RealPage competitor.