4 ms·

Supply and demand only works to lower prices in competitive markets.

• davidw 2y ago
  The real estate market is huge - trillions of dollars. No one can corner that kind of market. Like I keep pointing out: if they're so good at raising the prices by more than a percentage point or two, why aren't they jacking up Houston prices to San Francisco prices?
  • sudosysgen 2y ago
    But you don't need to. You just need to corner communities and exploit the fact people can't move our easily. Even in those communities, you just need to dominate the float, not the entire stock. And there is such a thing as pricing power which enables certain actors to control prices without dominance, even then.