Massive Price Increase for X-conns at Telehouse Chelsea, NYC

Nick Hilliard nick at foobar.org
Mon Sep 17 21:51:23 UTC 2018


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


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