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suz_gee t1_itsncxx wrote

Reply to comment by Matt5sean3 in Rent too damn high? Landlords have formed an illegal cartel according to several reports by cogitator_tertius

Having worked in property management before, I’ve only ever seen companies try to go as high as possible with rents… If places are renting at these high prices, I can’t imagine anyone rolling back rents to pre-2020 levels… I think all the damage is done.

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Matt5sean3 t1_itspewa wrote

That sort of puts the lie to the whole idea that it's a meaningfully competitive market then. As new housing is built that existing overpriced housing should have to drop prices or at least not increase as much or else sit empty.

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