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I agree. To me it seems as though a small handful of corporations owns a large percentage of multi-tenant housing and an increasing percentage of single tenant houses and is able to set prices algorithmically and that other landlords price similarly.

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A handful of corporation own most of the grocery stores, but grocery prices remain reasonable, nowhere close to as insanely priced as rent.

The difference is real competition: there's only so much land that exists, and localities only allow so much housing on that land. Demand goes way up, supply goes up only feebly, the result is predictable.

Rent is not ownership.

...okay?

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