Comment by hermanubis
11 hours ago
A growing body of economic research shows that this allows producers to keep prices high even with lots of competition.
11 hours ago
A growing body of economic research shows that this allows producers to keep prices high even with lots of competition.
The prices should be delayed two months. The rate at which pricing information propagates dictates how much of the rental pricing mass (number of owners * average units owned) gets thrown around how quickly. I don't have a number, but something like 2 months. Treat this data as if it was a vile of Devil's venom [1]. If they setup back channel information sharing networks, or collusion networks of any kind. <bad thing happens, not just a fee>
Second, the historical database should be deleted. And if they can't survive that, so be it. Keeping the spoils of crime should be the crime. Justice still isn't finished.
[1] https://en.wikipedia.org/wiki/Devil%27s_venom
By what mechanism do the producers keep prices high if the "lots of competition" is constantly undercutting them and adding new supply to replace anything the colluding subset tries to withhold from the market?
The zoning restrictions often prevents new supply.
Cost cutting while shopping for expendable commodities does not result in a long term drop in quality of life in the same way that cost cutting while selecting your residence could.
Apartment landlords don't undercut each other. They raise rents in lockstep and then offer "specials" like a month off (amortized) that lower initial out-of-pocket costs without affecting the base rent, which gets raised on subsequent lease renewals to make up the difference. The only option to avoid this is moving every year (instability being clearly great for community /s) since corporate landlords will not negotiate rates.
If the evidence seems to disagree with your theory, maybe your theory has to change?
Can you share several articles about this? I haven't found one but it's hard to search for.