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The algorithm would create scarcity by having some sit empty.
by jfghi 2y ago
The algorithm would create scarcity by having some sit empty.
- Purplehermann 2y agoThe higher the margins, the more wealthy people will want to build houses to rent them out. At some number of vacant houses the algorithm changes
- Gigachad 2y agoThat only works when a single owner controls a massive % of them. In a healthy market with lots of smaller landlords, one individual owner won’t let their 1-2 apartments sit empty so that some other landlord can rent theirs for more.
- Purplehermann 2y agoWhat if an app allows landlords to easily coordinate on prices?
- Gigachad 2y agoThe moment one of them had their apartment left empty they would fold and drop their price rather than leave it vacant and take a loss.
- n4r9 2y agoThat isn't what's happened with the RealPage case. Landlords are keeping properties vacant for months at a time under the promise that it will boost their long term profits.