4 ms·
> If all the landlords are using collusion The market for housing in a metropolitan area cannot be organized. Everyone is a landlord. If rent spikes to 100k a
by bsdpufferfish 3y ago
> If all the landlords are using collusion
The market for housing in a metropolitan area cannot be organized. Everyone is a landlord. If rent spikes to 100k a year, I'm going to throw away shit so I can rent my 2nd bedroom for 50k, and the cycle continues down.
- polygamous_bat 3y agoWhy would you rent for 50K if you can rent for 100K? Are you an economically irrational actor? Same applies for landlord who could either undercut the competition or join the “app” (aka collusion ring) to make higher profit.
- bsdpufferfish 3y agoIn that scenario it's a shared place vs your own. > collusion ring Once again, markets for such a commonly desired good are not 5-10 or even 100 participants. They are unstructured webs of opportunities and favors.