[vasco]

Do you know the adage location location location? The competition for good locations is among renters, not landlords. Seller's market vs buyer's market. Doesn't have to mean there's a cartel, it also doesn't mean there isn't one but it's not a guarantee.

[svnt]

I am trying to understand your perspective. How do people buying and selling real estate, the origin of the adage “location, location, location,” not compete on locations?

[vasco]

I didn't say that people didn't compete on locations, I said the opposite.

[svnt]

You said “the competition for good locations is among renters, not landlords.”

[vasco]

There's orders of magnitude more renters looking for a place than landlords willing to rent in the best locations.