Why would you rent for 50K if you can rent for 100K? Are you an economically irrational actor?
Same applies for landlord who could either undercut the competition or join the “app” (aka collusion ring) to make higher profit.
Same applies for landlord who could either undercut the competition or join the “app” (aka collusion ring) to make higher profit.
> collusion ring
Once again, markets for such a commonly desired good are not 5-10 or even 100 participants. They are unstructured webs of opportunities and favors.