3 ms·
If this market were wealthier it wouldn't exist. The tenants would be getting mortgages or renting nicer apartments, not living in trailer parks. And, because g
by massysett 11y ago
If this market were wealthier it wouldn't exist. The tenants would be getting mortgages or renting nicer apartments, not living in trailer parks. And, because governments like to have higher income residents, they would have more choices of where to live, as trailer parks are exiled to the fringe. Some of these market dynamics exist precisely because these people are poor and the landlords have no incentive for their customers to be better off, just like Walmart would not be better off if its customers got more money and started going to Macys.
- OJFord 11y ago> If this market were wealthier it wouldn't exist. The > tenants would be getting mortgages or renting nicer > apartments, not living in trailer parks. Which is what would make them more profitable.
- pyrale 11y agoNo, because the cost of building, maintaining and keep in a state of compliance a housing lot is superior to the increase in rent. Sleep dealing is a lucrative job. There are many factors explaining this : reduced access to law for the poorest, lack of alternatives, but also social perception of the tenants and of their worth, or the cognitive bias displayed by many about homo economicus.