Matt5sean3
Matt5sean3 t1_itspewa wrote
Reply to comment by suz_gee in Rent too damn high? Landlords have formed an illegal cartel according to several reports by cogitator_tertius
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.
Matt5sean3 t1_itsmsv0 wrote
Reply to comment by suz_gee in Rent too damn high? Landlords have formed an illegal cartel according to several reports by cogitator_tertius
One would hope that the landlords are barred from further collusion resulting in a more competitive rental market in which landlords have to lower prices to be competitive.
Matt5sean3 t1_itv6by6 wrote
Reply to comment by plummbob in Rent too damn high? Landlords have formed an illegal cartel according to several reports by cogitator_tertius
Nonetheless, despite difficulties, new housing does get built in the city (but yes, likely not at the needed rate). This should still mean there's an improvement over what would happen otherwise.
However, if a person did want to push faster creation of new housing as a solution to housing affordability, preventing price fixing is a definite pre-requisite to that working as a solution.