I don't think supply and demand would autofix the issue. When a baseline is set,... | Hacker News

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		conqrr on Nov 2, 2023 \| parent \| context \| favorite \| on: Big landlords used software to collude on rent pri... I don't think supply and demand would autofix the issue. When a baseline is set, everyone believes it to be the new price. Same as how when a lie is repeated multiple times, it can dangerously become the false truth.

nightski on Nov 2, 2023 [–]

Everyone might believe it is the new price, but that doesn't mean they are willing to pay it.

lukas099 on Nov 2, 2023 | [–]

After years of prices being 'high' yet continuing to rise, they night just accept it.

nightski on Nov 3, 2023 | | [–]

If they do accept it, that means the market is right and the house is really worth that much to someone :)

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