4 ms·
I figure low-rent areas will have rents go up as well. It may take longer, but it will ripple through the whole economy.
by mises 8y ago
I figure low-rent areas will have rents go up as well. It may take longer, but it will ripple through the whole economy.
- manicdee 8y agoYes, all rents will rise, but most rents will rise less than the rise in income until rental vacancies hit 0%.
- mises 8y agoNot sure. In a normal, gradual rise in wages, this might be true. But in a massive, sudden income increase, I personally would try increasing my prices (by at least some) immediately. And more over time.