I'm not sure I agree. If one company is setting all the prices then you're forced to pay that price since there is no supply at a lower price. In a normal situa

I'm not sure I agree. If one company is setting all the prices then you're forced to pay that price since there is no supply at a lower price. In a normal situation, landlords don't have perfect info and so will set prices differently. But if one company controls most of the market they do have perfect information and can raise all prices together. LA is out of control. Average price on the west side is $3800 (vs SF which is $3200). I don't know how anyone affords that except a few lawyers and FAANG employees. It's so bad, landlords are able to rent out bedrooms in shared apartments for $2500-$3500 a month. https://losangeles.craigslist.org/search/apa?query=co-living#search=1~gallery~0~0 https://losangeles.craigslist.org/search/apa?query=co-living... Also, while NIMBYs might be part of the problem there is no room on LA's roads for more cars for more people. They'd need Tokyo level of trains to make it work and at the pace they're building it will be 200yrs before they get there, if ever.