One of the reasons that isn’t true is because the software enables cartel behaviour by informing subscribers of what their ‘competitors’ are charging. Since significant proportions of any given market can often be controlled by a small number of organisations this system allows them to operate in concert to raise prices without having to directly collude.
One of the reasons that isn’t true is because the software enables cartel behaviour by informing subscribers of what their ‘competitors’ are charging.
Yes, that's how a market works. It's when pricing information is not available that markets don't work.
Since significant proportions of any given market can often be controlled by a small number of organisations this system allows them to operate in concert to raise prices without having to directly collude.
If they're charging a price people can't or won't pay, people won't rent.
If they're charging a price people can't or won't pay, people won't rent.
That mechanism is compromised with necessities like food and shelter. Also worth taking note of the burgeoning homelessness problem.
That mechanism is compromised with necessities like food and shelter.
Only when supply is constrained. There are plenty of housing markets in the US to provide a constellation of price points. In other words, competition. Property owners do not owe charitable contributions to you just because you want to live where they own property.
Also worth taking note of the burgeoning homelessness problem.
It's not connected to housing supply or prices. The US housing inventory per-capita is as high now as it has ever been for the past 70 years.
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