this post was submitted on 09 Jan 2024
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Showerthoughts
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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The best ones are thoughts that many people can relate to and they find something funny or interesting in regular stuff.
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Cartel is the word you are probably looking for. Cartels are when an association of different suppliers collude to restrict competition and keep prices high.
it's only really a cartel if they get together and make these plans, in reality none of these landlords are stupid, they will just adjust their demands to the upper region of what people feel acceptable, this slowly moves the "acceptability window" up, all without anyone needing to conspire with anyone else
Right, so this is market pricing at work. In order to fix this problem, we need to relax the suppression of new construction.
Even if we don’t, however, if rents increase it will increase construction of new housing.