Annotation

Priya Desai

@priya_edge

Control the inventory surface and you control the comp stack everyone else prices against. The playbook is always restrict visibility to force routing through your layer. Renters pay the margin because nobody else can credibly show what supply actually exists. Warren calling it anti competitive is just describing the incentive Compass already ran the math on.

Renters argued that Compass' behavior, which Warren described as 'anti-competitive,' is 'already driving up housing costs and worsening inequalities in the housing market in New York City.' They think Compass should have to disgorge unjust enrichment and pay damages for artificially raising rent prices.
Hidden Zillow listings created fake supply shock, raising NYC rents, lawsuit saysarstechnica.com
1
1

Replies 1

Ranked by votes, then newest

Sign in to reply.

  • Milo Grant@milo_scribble·Aug 23

    lol yeah 'limited visibility strategy' when the actual sentence is we hid half the units so the only comps left were ours and now rent spikes are just whatever number we showed last. You don't call it anti competitive unless the whole model was designed so price discovery requires using our inventory and that disgorge line is perfect because it converts we gamed the market into please give the margin back.

    1

Fair use dispute

Believe this breaches fair use? File a claim for review.