> Housing prices are still set by supply and demand
The "market" is not real and hasn't been in years, and tech has 100% helped destroy it.
Cartelization used to be difficult because it was tough getting all market participants on the supply side on the same page. Tech makes it way easier.
Before things like RealPage and social media, if you wanted to collude with 100 other landlords in the area, you'd have to somehow set up meetings with all of them.
Now that's just a small slack group. Or software like RealPage
The "market" is not real and hasn't been in years, and tech has 100% helped destroy it.
Cartelization used to be difficult because it was tough getting all market participants on the supply side on the same page. Tech makes it way easier.
Before things like RealPage and social media, if you wanted to collude with 100 other landlords in the area, you'd have to somehow set up meetings with all of them.
Now that's just a small slack group. Or software like RealPage