> Competition between landlords is almost nil

In fact, collusion with the likes of yeildstar is the name of the game. Everyone is setting prices based on what the algorithm tells them to set prices and they all benefit from that uprise in prices because there's basically no competition decreasing the price.

There's also been a steady consolidation of ownership of rental units which also artificially increases prices.

There's a reason nowhere in the country at this point has affordable housing.