[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
Massive Price Increase for X-conns at Telehouse Chelsea, NYC
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.