3 ms·
Supply and demand? Lower supply means the price of existing offerings goes up. Obviously, it's not holding all units off the market but collusion to hold enou
by joe_the_user 2y ago
Supply and demand?
Lower supply means the price of existing offerings goes up.
Obviously, it's not holding all units off the market but collusion to hold enough units off the market to get a maximum value of the units times price, what they called in econ back in the day the monopoly equation.
- jupp0r 2y agoHow can even a large share (70% are mentioned in the article) of landlords have full control over supply? This is different from the railroad or telco cartels of the past where it is really hard for new players to get into the market. Getting into Atlanta's housing market is as easy as buying some land and building some apartments on it, buying up and renting out single family homes, etc. The barrier to entry is really low.