Maybe in some small-/mid-size housing markets where rentals are not the main form of housing. In a city like NYC, the rental market is way too large for anyone

Maybe in some small-/mid-size housing markets where rentals are not the main form of housing. In a city like NYC, the rental market is way too large for anyone to control it. A good example was during the pandemic when vacancies shot up, rents came way down. Landlords were not “holding the line” at previous prices, presumably because they knew that renters would just go to a competing landlord.