cogitator_tertius
cogitator_tertius OP t1_its4yyd wrote
Reply to comment by [deleted] in Rent too damn high? Landlords have formed an illegal cartel according to several reports by cogitator_tertius
A couple points:
- We don't have visibility into what the algorithm is designed to do and how it weights variables. So we can't say it is purely supply and demand.
- By working together to control pricing like this, these companies are applying levers to the housing market. The free market model only works until someone starts messing with it. Ceteris paribus - all other things being equal - is a key assumption.
- I'll just say, if it wasn't sketchy, why hide it?
cogitator_tertius OP t1_its5szb wrote
Reply to comment by maybehomebuyeriguess in Rent too damn high? Landlords have formed an illegal cartel according to several reports by cogitator_tertius
Ey, you make it sound so simple! Love that for you