[chii]

the rent being high is not in itself evidence of cartel behaviour. And if the cartel allegations are true, what of it if they do not manage to actually affect the market? The resources spent on trying to catch cartels might be better off spent elsewhere if the cartel is ineffective.

There's also many other explanations of rent increases, such as lack of supply, which are more likely imho.

Pinning this on cartel like behaviour, when the market clearly has a lot of competition, is just moving the spotlight away from the root cause - that of a lack in supply. This is region specific - some regions that have increased supply have then seen rental decreases, while other regions which did not have increased supply (in new builds) have not.