Big landlords used software to collude on rent prices, DC lawsuit says

Re:Big landlords used software to collude on rent prices, DC... by conqrr on Thursday November 02, 2023 @12:09PM (#38115634)

I don't think supply and demand would autofix the issue. When a baseline is set, everyone believes it to be the new price. Same as how when a lie is repeated multiple times, it can dangerously become the false truth.

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Re:Big landlords used software to collude on rent prices, DC... by nightski on Thursday November 02, 2023 @12:16PM (#38115764)

Everyone might believe it is the new price, but that doesn't mean they are willing to pay it.

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Re:Big landlords used software to collude on rent prices, DC... by lukas099 on Thursday November 02, 2023 @06:17PM (#38121093)

After years of prices being 'high' yet continuing to rise, they night just accept it.

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Re:Big landlords used software to collude on rent prices, DC... by nightski on Friday November 03, 2023 @11:53AM (#38130612)

If they do accept it, that means the market is right and the house is really worth that much to someone :)

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