The money they make is {rent} × {units rented}. The reason they don't set rent to $1billion is that they will rent zero of them. I think this shows that they do have a reason to lower prices, at least at some range.
Honestly who is downvoting this anyway? Do you work for big contractors or just like unaffordable housing as long as it's condensed? Evil much?
it would be great if everybody on HN felt the same, unfortunately this is quite commonplace. read threads on any EV post for instance.
>contemptuous attitude toward people whose preferences differ from your own
I appear to be welcoming the dialogue, and as I read back, you appear to be downvoting to ensure others won't see the dialogue (downvoting prevents people from replying). This is worse than name calling. It's literally contemptuous. And worse, you're accusing me of your crime.
>and the way your ire over the scandal
I hope you can cite where I did that, otherwise this also is contemptuous. How would you know if I'm angry? Is it because you hear my words in your head in an angry voice? There's a rule about that on HN.
>blinded you to basic principles of economics
Me and Congress? It sounds like you might be missing something that Congress and I are aware of. Can you admit that or would that require you to have a better attitude toward people with a differing preference from your own?
>Remark added more noise than signal to the discussion
Is that because it doesn't align with your world view? If that's not why I'll be glad to consider your defense to this point. I hope it will include some honest reason for not wanting to hear other people's opinion, so much so that you would downvote them for sharing it.
Overall, the irony in just this one comment is largely incriminating in regard to HN rules, and in regard to your own aspirations of yourself, I would assume, given the strict expectations you've set out for me.
If anything, a monopolistic landlord would like to expand and build more apartments, to extract a higher volume of above-market rent.
https://www.wyden.senate.gov/news/press-releases/wyden-and-w...