fe31nz:
tweake:
if one landlord hikes up the price its "excessive rent" but if all landlords hike up the rent its "market rent". as a lot of them all talk to each other, belong to investor groups etc, they call all work together to reach common goals.
thats how you game the system.
Collusion between competitors in a market is seriously illegal - if you ever run across some evidence of it happening, tell the Commerce Commission immediately.
LOL thats how the ENTIRE housing market operates. there is no such thing as competition in the housing market.
a factor in the housing crisis is modern tech. data can be collected, processed and sent out into the field much faster these days. so sellers can play the game to their advantage much better.