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A comment on A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K. Parent comment

Re:A rent-stabilized 1 bedroom apartment for $1,100 In NYC? ... by bsdpufferfish on Saturday February 10, 2024 @11:40AM (#39327601)
> If all the landlords are using collusion

The market for housing in a metropolitan area cannot be organized. Everyone is a landlord. If rent spikes to 100k a year, I'm going to throw away shit so I can rent my 2nd bedroom for 50k, and the cycle continues down.

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Re:A rent-stabilized 1 bedroom apartment for $1,100 In NYC? ... by polygamous_bat on Saturday February 10, 2024 @01:28PM (#39328861)
Why would you rent for 50K if you can rent for 100K? Are you an economically irrational actor?

Same applies for landlord who could either undercut the competition or join the “app” (aka collusion ring) to make higher profit.

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Re:A rent-stabilized 1 bedroom apartment for $1,100 In NYC? ... by bsdpufferfish on Saturday February 10, 2024 @02:50PM (#39329582)
In that scenario it's a shared place vs your own.

> collusion ring

Once again, markets for such a commonly desired good are not 5-10 or even 100 participants. They are unstructured webs of opportunities and favors.

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