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This is laughable. Every major metro area in the US is in the midst of a crisis of lack of housing supply.
by blactuary 3y ago
This is laughable. Every major metro area in the US is in the midst of a crisis of lack of housing supply.
- Geisterde 3y agoAnd yet, property is for sale everywhere, go check zillow. You might not like the price, I imagine anybody looking to buy property to rent out probably has similar feelings; ultimately though, if they are using this "price fixing" algorithm, then it should be easy enough to out compete them by just lowering prices.
- blactuary 3y agoThat doesn't make any sense. There is a dramatic under-supply of housing, there will be no "out-competing". They're going to rent all of their apartments, the price-fixers and the non-price-fixers. They'd just be leaving money on the table, not "out-competing". They're not going to magically acquire a bunch of new non-existent housing to grow their market share. I implore you to move beyond econ 101 thinking.
- Geisterde 3y agoThen its not price fixing, thats the market price. If I produce 3 fidgets a week and they all sell by monday morning, Id raise the price.