3 ms·

You need a study to see that rents are highest where income is highest and that rents rise as incomes rise?

• AaronM 3y ago
  Yes, just because you say its so doesn't make it so. There should be studies that show when minimim wage or welfare/other forms of assistance increases that rent follows.
  • ethanbond 3y ago
    https://www.sciencedirect.com/science/article/abs/pii/S0094119021001030 https://www.sciencedirect.com/science/article/abs/pii/S00941... > Increases in state minimum wages significantly reduce the incidence of renters defaulting on their lease contracts by 1.7 percentage points over three months, relative to similar renters who did not experience an increase in the minimum wage. This represents 10.6% fewer monthly defaults. However, this effect slowly decreases over time as landlords react to wage increases by increasing rents.
    • AaronM 3y ago
      Interesting, thanks!