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This sounds like a bandaid fix. How do you disambiguate between really active price discovery, and price fixing. I believe the current situation is closer to th
by pphysch 3y ago
This sounds like a bandaid fix. How do you disambiguate between really active price discovery, and price fixing. I believe the current situation is closer to the latter, but the solution is making historical housing data more transparent, especially for tenants.
The current "price discovery" mechanism is more or less "whatever those desperate suckers looking for housing are willing to pay". That's ripe for abuse. There needs to be more feedback from the tenants and public administration.
The government should require all housing units on the market to be registered in a public database that requires details about vacancy, price history, detailed corporate ownership, major maintenance/disaster history, possibly prior (anonymized) tenant reviews, etc. Otherwise the information asymmetry will continue to drastically favor the property managers, regardless of the extent price fixing is prohibited.
- deleted 3y ago[deleted]