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> Prices are a function of supply and demand Demand for living and having somewhere to live are inelastic. As a result, these markets are especially prone to d
by torstenvl 2y ago
> Prices are a function of supply and demand
Demand for living and having somewhere to live are inelastic. As a result, these markets are especially prone to distortionary effects caused by monopolies, price fixing, and price non-transparency.
- balderdash 2y agoWhat are the monopolies, price fixing, and price non transparency in housing?
- programjames 2y agoIn many areas, all landlords use one of two or three management companies, which use the same pricing software. I do think prices are usually pretty transparent though.
- robertlagrant 2y agoWhat's this got to do with mortgages?