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A comment on Austin's Surge of New Housing Construction Drove Down Rents. Parent comment

Re:Austin's Surge of New Housing Construction Drove Down Rents by brazzy on Thursday March 19, 2026 @10:29AM (#47440164)
Except they cannot increase rents when there is enough supply for a market to actually work.
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Re:Austin's Surge of New Housing Construction Drove Down Rents by testing22321 on Thursday March 19, 2026 @11:15AM (#47440904)
The market will remain irrational longer than…

Of course they can when they own them all. See De Beers diamonds. Buy them all, keep the price artificially high.

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Re:Austin's Surge of New Housing Construction Drove Down Rents by nroets on Thursday March 19, 2026 @11:46AM (#47441404)
The De Beers cartel was able to avoid anti trust scrutiny because the best reserves are outside (Africa/Canada/Russia) of the most lucrative markets (US/Europe/Asia).

Corporations control only a small faction of housing supply.

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Re:Austin's Surge of New Housing Construction Drove Down Rents by larsiusprime on Thursday March 19, 2026 @11:31AM (#47441178)
Diamond prices are famously crashing now due to artificial lab made diamonds (increased supply)
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Re:Austin's Surge of New Housing Construction Drove Down Rents by matkoniecz on Thursday March 19, 2026 @12:10PM (#47441757)
Insanely stupid restrictions on residential construction make it easier.
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Re:Austin's Surge of New Housing Construction Drove Down Rents by exabrial on Thursday March 19, 2026 @02:04PM (#47443404)
They can only do that (own them all) with government assistance. See De Beers diamonds, who leveraged the legal system to create a monopoly.

The solution is to build more housing and get the government out of the picture.

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