Patrick W. Gilmore wrote on 17/09/2018 22:40:
Expecting any for-profit business (all of them, not just REITs) to do
less than extract maximum cash is deluding yourself.
oh sure, but price gouging is often bad business practice in the long
term. Humans evolved a strong sense of injustice and have a long memory
for people and organisations whom they feel take advantage of them.
As someone else pointed out, business practices like this can work in a
rising market, but not so well when market conditions become difficult
and people end up in a position of being able to make a choice between
organisations which may have treated them badly in the past and those
which have not.
Nick
