> Rent is a function of supply and demand

Is there really a market dynamic in rent pricing anymore? I thought that algorithmic collusion had eliminated the need for landlords to compete on price.

> I thought that algorithmic collusion had eliminated the need for landlords to compete on price.

Well, that and non-enforcement of antitrust which is a big part of many of our current economic problems.

Massive corporate landlords like Greystar and Morgan Properties own so much of the market they can do a lot of pricing damage even without colluding with others (but of course they do that too).