You're making the mistake of assuming that rents are dependent purely on renters' ability to pay them. Whereas the fact of the matter is that the market is driv

You're making the mistake of assuming that rents are dependent purely on renters' ability to pay them. Whereas the fact of the matter is that the market is driven largely by housing supply and demand, as it always has been. A $1,000 monthly check is unlikely to move the numbers much.