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Doesn't this just trickle down to the renter, who has few alternative housing options?
by nkozyra 5y ago
Doesn't this just trickle down to the renter, who has few alternative housing options?
- donkeyd 5y agoThis guy gets it.
- caterama 5y agoCosts trickle-down... Profits don't.
- nkozyra 5y ago> Costs trickle-down... Profits don't. Well, we're talking about costs. That's why I asked.
- thow-01187 5y agoNo. Landlords do not "produce" rooms by taking raw materials and transforming them into goods. In the current market, the rent is determined by how much the marginal renter is able to pay. Increasing the cost to the landlord doesn't magically increase the renter's ability to pay
- candiodari 5y agoThat's true. It will reduce housing supply and drive costs up, but it will take a while to happen.