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The point is that the average person doesn't get $28000 a year. A landlord won't raise the rent of the author just because he has more money.
by mFixman 8y ago
The point is that the average person doesn't get $28000 a year. A landlord won't raise the rent of the author just because he has more money.
- TeMPOraL 8y agoWhy not? That's literally the most obvious thing to do as a landlord.
- xyzzyz 8y agoFor the same reason a grocery store doesn't charge you more for milk just because you're rich: if they did, you'd simply shop elsewhere. You know what happens if you raise your tenant's rent because you learned they have more money now? They move, and now you're losing money as you are trying to find a new tenant.
- TeMPOraL 8y agoApartments are sticky in the way grocery stores aren't. Moving to another place is expensive (in effort, money and social costs), and while the landlord can't just triple your price overnight and hope you stay, they can raise your rent in increments.