3 ms·
For 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
by xyzzyz 8y ago
For 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.