This is not really happening, just like bread price fixing didn't happen. However, it would be a great way to make money. Just make sure that people can't get a cheaper rent. "Don't like the rent? Go somewhere else." Ha ha.
The price of housing is propped up by a cartel of gov't and the banks. I can say this because they won't sue. They can deny everything. Had we been working in a non-rigged market, the price of housing would collapse, and the rents with it. Anyway, who cares?
From the Japanese experience, we can't defy gravity for another 2-3 years. Although everybody is under water, the price is floating about the ground. Fun stuff.
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