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this post was submitted on 09 Jun 2024
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Can you explain the monopoly bit without me watching a youtube video?
Literally every single time anyone has ever (literally ever) linked me a Youtube video to explain something or serve as a source, that video could have been summarized in an article that would take less than 60 seconds to read. The trend should die.
TLDW: Landlords are colluding to fix pricing with algorithms. The FBI is actually doing something good for once and breaking them up.
There are websites used by many of the smaller landlords which "suggests" a price for each unit. The landlord stops thinking about a price on their own, takes the website suggestion, and that's a type of price collusion. And there are large investors which own thousands of units in many buildings who apply the same price formula across them all. Both tend to greatly reduce the leverage a renter can have by shopping around multiple offers.
Thanks!
No but I can link a youtube video that's completely unrelated