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rent is always priced to maximum of purchasing power. If there was any more leeway to raise rent and keep renters, it would have been raised already by landlor
by slt2021 4y ago
rent is always priced to maximum of purchasing power.
If there was any more leeway to raise rent and keep renters, it would have been raised already by landlord
- mym1990 4y agoThis seems to be a textbook answer, but in reality we live in a world where people(renters and homeowners) have imperfect information. There is no renter out there that knows exactly how much they can get to the dollar. They have to compare with market prices and make a reasonable guess.