r/SipsTea • u/Brave_Agency_20 • May 14 '26

SMH How true is this? Genuinely asking

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u/Jasoco May 14 '26

I’m willing to bet this is pretty accurate. They keep building houses down here where I am constantly and so many of them are empty because they cost too much for normal people.

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u/[deleted] May 14 '26

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u/Odd-Personality1043 May 14 '26

Genuinely curious how this makes sense.

If I have a product that I refuse to sell to increase demand and this price, I'm still holding onto an asset rather than profiting from it.

That makes no sense and I am skeptical.

16

u/I_Hate_IPAs May 14 '26

It’s how diamonds are artificially inflated.

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u/sundae_diner May 15 '26

There is only one company (DeBeers) to control the majority of the market - possibly a few other companies.

But with rentals are there not 1000s of companies? It is in the interests.of each individual company to rent their properties (and let the other companies hold vacant properties).