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Comment by shlant | Hacker News Reader

Are you saying that you blame apartment prices on landlords? If you build more apartments then market rent goes down and landlords can't charge more if people can just find cheaper apartments. It's not like landlords just choose whatever price they want - it's significantly bound by the demand.

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Markets aren’t magic, they are the result of people pushing back and forth on each other.

What do you mean by “blame?”

I felt like my post was generally in the less-finger-pointing direction.

I guess I'm just confused why your entire comment is about landlords and the super-wealthy when the article and message you are responding to don't mention either.

Landlords and rent are obviously related.

The line of thought that links super-wealthy people and wages is described in my first post. If you want to argue against it that’s fine, it isn’t a perfect link. But I’m not sure what to do with general confusion.

It's largely landlords causing trouble building housing where it's needed because it would limit how much they can make.

are you referring to NIMBY homeowners? because yes, people who own houses are the most likely to prevent more housing from being built (although not the only reason more housing isn't being built)

Yep, referring to NIMBYs.

Landlords don't care. You put a 5/1 beside their slum and they're ecstatic because that means the land under their slum is now worth "build a 5/1 here" money.

don't forget about algorithmic collusion

https://www.justice.gov/opa/pr/justice-department-requires-r...

what proportion of the housing crisis do you think is because of what you linked, and what would be your evidence?

> RealPage widely touts the impact of its products, publicly advertising revenue increases of 2-7%.

https://oag.dc.gov/release/attorney-general-schwalb-sues-rea...

it's a component but not central afaict. of course it's localized and depends on housing market concentration, major metros see a large share of units held by relatively few entities like Greystar.

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