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by tonypags 797 days ago
Really? The reasons you gave are perpetual. Don't you think that the real reason, in this moment in history, is that landlords are colluding on rents? If we enforced anti-competitive laws, and raised property taxes in the suburbs to a level commensurate with the maintenance costs of those areas' infrastructure, it would solve a lot of these problems.
2 comments

> “Don't you think that the real reason, in this moment in history, is that landlords are colluding on rents?”

The lawsuit that could shake up the rental market [1]

AirBandB

Hedge fund investing in real estate

To name a few

https://www.npr.org/2024/01/11/1197961038/the-indicator-from...

Not generally, no. Certainly some areas are experiencing landlord collusion, but in general colluding is extremely difficult as a landlord because rental properties are so decentralized. Nowhere in the US do we have anything like berlin where 3 companies own the majority of units. The sheer amount of collaboration required to collude when there are thousands of suppliers makes it very unlikely in most cases.
I agree with you - though one mechanism for implied and unintended collusion would be rental pricing services that are widely used by landlords and might cause prices to converge or be self-reinforcing. I don't believe this argument, but I do think it merits consideration and counterargument.

That is, it needn't be explicit collusion where thousands of landlords get together - it might just be because they're all using the same price forecasting service.