I think Mayes meant to say price-fixing; much easier to do when there has been low vacancy for so long because of the decrease in new housing construction. And to your point, allow more units to be built and prices can fall.
In the four links at the start of this post, I walk through the problem with claims of price fixing. There might be a way to win a lawsuit based on a technical reading of the law, but that would only be the case because the law is written in a way to apply to activities that aren't, in any economically meaningful way, "price fixing".
I think Mayes meant to say price-fixing; much easier to do when there has been low vacancy for so long because of the decrease in new housing construction. And to your point, allow more units to be built and prices can fall.
In the four links at the start of this post, I walk through the problem with claims of price fixing. There might be a way to win a lawsuit based on a technical reading of the law, but that would only be the case because the law is written in a way to apply to activities that aren't, in any economically meaningful way, "price fixing".
Oh my! I hope this is slapped away immediately