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For one, LA is generally a more wealthy area which means it can support higher rents. For another, it depends on the utilization rate of the software in a local
by vlovich123 2y ago
For one, LA is generally a more wealthy area which means it can support higher rents. For another, it depends on the utilization rate of the software in a locale. And finally, let’s say it raises rents by 10% — if rents started out higher in LA they would remain higher.
I really don’t understand your question.
Yes supply and demand are the gorillas, but pricing collusion like this has always generally been illegal regardless of the size of the effect so I don’t understand your point.
- davidw 2y agoThe point is that high rents are caused by an imbalance of supply and demand.
- 6510 2y agoYou can ask as much as people are able to pay. You need a very large abundance for prices to drop and then they drop like a brick.
- davidw 2y agoRents are going down in places that have built more, lead by Austin, TX: https://www.threads.net/@davidnwelton/post/C_T1ADRyAMi?xmt=AQGzCQrD_rF7H-u4xnxuGdpMztcebb60ixcA9rHECcLxUA https://www.threads.net/@davidnwelton/post/C_T1ADRyAMi?xmt=A... Markets are competitive, even with RealPage, so you can't really just "ask as much as people will pay", just like you can't at the grocery store either.