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by tsimionescu
335 days ago
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This is all economy 101, rational preference BS. The reality is that suppliers very often collude to increase prices universally (particularly for things like housing, where there is almsot a natural monopoly - you can't bring in more land to the same city), and buyers have no way of knowing or acting on this. Airbnb is perfect for organizing such collusion, acting as a virtual cartel. |
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but the real estate shortage and natural monopoly you allege (it's not true as I already pointed out) would explain the post fire short term situation, so you don't need to grasp for conspiracy theories.
as i said already, airbnb's potential to manipulate RE prices is a problem to be concerned about in normal times. When a fire burns down much of the city, prices go up because there is an actual shortage, not price manipulation.
time for you to hit the books again.