JCwhatimsayin OP t1_ixmtu82 wrote on November 24, 2022 at 5:23 PM

Reply to comment by orb_king in Algorithmic rent setting service under investigation by DOJ for collusion with landlords by JCwhatimsayin

Well, I guess we all sorta naively thought the tenants were the customers. Turns out there's a separate market here in Jersey City where the tenants are the assets and the asset buyers are the customers. There's still a market out there where tenants are customers, and these price-fixed buildings may still be easing the pressure on the supply in THAT market.

orb_king t1_ixnthiv wrote on November 24, 2022 at 9:46 PM

That’s exactly how the ocean of empty real commercial real estate works, too. Lots of it is traded via ETFs and other more complex derivatives. It’s owned by holding companies that are traded as part of peoples retirement funds, or traded overseas as a hedge against a local economy, etc. “Supply and demand” is pretty far removed from real estate at this point.