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You're forgetting there is supply and demand as well. If there are more places to live than people who need them, then landlords and property owners will have t
by nemo44x 8y ago
You're forgetting there is supply and demand as well. If there are more places to live than people who need them, then landlords and property owners will have to compete to offer the best price. This would drive prices downward, even if everyone has an equal constant added to their income.
Then there's the possibility of some people working less or quitting one of their 2 jobs so they can enjoy their life a bit more. So their actual income could remain flat. If enough people do this then landlords wouldn't be able to increase rates either.
- rarec 8y agoI'm not forgetting supply and demand. The supply increases, therefore demand would as well. If there are more places to live than people who need them, then I'm curious where this place is. In populated areas where the rental market is already insane (SF, NYC, etc), then it could really only increase rent prices.
- dllthomas 8y ago> The supply increases, therefore demand would as well. So you're misunderstanding supply and demand?