5 ms·
If people would be willing to pay 100x the current cost of rent, then your landlord would charge that much. It's based on how much people are willing to pay, no
by bitshiftfaced 4y ago
If people would be willing to pay 100x the current cost of rent, then your landlord would charge that much. It's based on how much people are willing to pay, not on the landlord's living standards.
- roflyear 4y agoWrt rent, what other options do people have? Living on the street?
- kergonath 4y agoCouncil homes, for the most part. Still rent, but (usually) much lower, with very different conditions, and the money does not go to private landlords.
- substation13 4y agoThere are nowhere near enough council houses for this to be an option for most people, and to qualify you need a painfully low income.
- kergonath 4y agoIndeed. But it is one of the options between renting and sleeping under a bridge.
- s1artibartfast 4y agoIn theory, 100x housing prices would spur more building. Lowering the price. In reality, building is constrained for a multitude of reasons
- mihaigalos 4y agoYou could change cities, countries, continents. Yes, the prices are rising everywhere but rents in i.e. eastern Europe are 3-5x lower than in the west.
- xboxnolifes 4y agoLiving at a different house.
- xboxnolifes 4y agoLiving at a different house. There isn't just one landlord with one fixed price.
- deleted 4y ago[deleted]
- effingwewt 4y agoComplete bullshit. Housing is a necessity, not some random thing like your netflix account. People will pay more than they can afford for rent, and landlords know this all too well. Add on top of that current house owners stopping new properties going up and now you have people in the position to be completely fleeced with no way out. Rental properties as income streams needs to stop. A place to live should be just that, not a way for the landed gentry to fuck the serfs even harder.
- substation13 4y agoThat's true on average and in the long run, but there is a cost for the tenant to move so the landlord can push their luck, at least for a few months.
- hellisothers 4y agoAt least in the US, commercial property (ie rental units) have their value tied to their annual income. So not only is the landlord incentivized to push up rent for short term gains but they’re also disincentivized to lower it or keep it flat if they want to see their property value increase.
- gorgoiler 4y agoWith respect, it’s this line of thinking that leads people to having to shop around and negotiate with sales people in order to get their ruptured spleen sewn back together. Some markets need outside forces to help protect consumers.
- xboxnolifes 4y agoHousing is hardly an inelastic, emergency scenario like a ruptured spleen.