hi im a housing economist and this tweet is insane
my *guess* is that your objection is something like: how does this reduce rents? Allow that landlords want to charge as much as they possibly can--I agree that they do, pretty generally! They'd take every penny from tenants if they could. All that's stopping them is competition
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My gut is it's easy to miss this about markets: your main opponent is not your counterparty, often, but people who are competing with you for business I work at a big company. We think about two main things: how to make better stuff for consumers, and how to beat our competitors
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This is less true in less-competitive markets, and there are definitely companies that spend a lot of time shivving consumers. My old boss at the Federal Reserve called (eg) credit card companies "obfuscopolies," for instance. It's dark stuff. And . . .
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