17 Sep
2018
17 Sep
'18
5:51 p.m.
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