4 ms·

Presumably because one of the two things are true: - there's competition, and so if it's possible to rent for less than 1000-eps and still profit, someone will

Presumably because one of the two things are true: - there's competition, and so if it's possible to rent for less than 1000-eps and still profit, someone will - there's no competition, which is a cartel, the kind of thing that civilized societies ought to frown upon

vasco 1y ago
Do you know the adage location location location? The competition for good locations is among renters, not landlords. Seller's market vs buyer's market. Doesn't have to mean there's a cartel, it also doesn't mean there isn't one but it's not a guarantee.
- svnt 1y ago
  I am trying to understand your perspective. How do people buying and selling real estate, the origin of the adage “location, location, location,” not compete on locations?
  - vasco 1y ago
    I didn't say that people didn't compete on locations, I said the opposite.
    - svnt 1y ago
      You said “the competition for good locations is among renters, not landlords.”
      - vasco 1y ago
        There's orders of magnitude more renters looking for a place than landlords willing to rent in the best locations.