2 ms·
> you Maximised income at about a 15% vacancy rate. So in an unregulated market driven situation you would be leaving money on the table if you did not keep rea
by wolverine876 3y ago
> you Maximised income at about a 15% vacancy rate. So in an unregulated market driven situation you would be leaving money on the table if you did not keep reaching prices until you priced some people out.
That is perhaps the motive of massive collusion in rental markets around the US: A company named RealPage sold software to landlords that coordinated the rents they charged in order to maximize income, and the outcome was high rents, of course, and many empty apartments. (Essentially the landlords hired RealPage to organize their collusion.)
https://www.propublica.org/article/doj-backs-tenants-price-fixing-case-big-landlords-real-estate-tech https://www.propublica.org/article/doj-backs-tenants-price-f...