4 ms·
It's like there's a shortage of housing or something.
by ericjmorey 2y ago
It's like there's a shortage of housing or something.
- hnthrow289570 2y agoWhy would you need to collude for higher rents with RealPage if a shortage of housing was the primary driver of rent increases? If someone's being that greedy, they can't really use supply and demand to say their hands were tied in terms of controlling rent.
- derektank 2y agoIf you have the option to extract rents by forming a cartel (without legal punishment), you'll do it regardless of the underlying value of the asset you're trying to control because it's free money (assuming you can trust the other members of the cartel)
- papercrane 2y agoThat's true in some markets, but the DOJ complaint highlights some places, like Atlanta, where vacancy rates have gone up, but rents have still climbed higher.