2 ms·
People are actually downvoting the idea that rents will rise as high as the market allows? Hilarious. Rent rises when: there are high paying jobs around (SF, N
by ethanbond 6y ago
People are actually downvoting the idea that rents will rise as high as the market allows? Hilarious.
Rent rises when: there are high paying jobs around (SF, NYC); there is public investment (subway stations, schools, parks); or, yes, when everyone stumbles across an extra $1k/month (UBI).
All of these mean "the market" (aka tenants) is able to pay a higher price, therefore landlords raise their prices and capture it.