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Indeed they would, however, the underlying asset value would drop to allow for market rents. That's the point.
by chasebank 2y ago
Indeed they would, however, the underlying asset value would drop to allow for market rents. That's the point.
- pc86 2y agoIn a free market, yes. But not when the demand is so artificially constrained. Rents go up and people are forced to either pay a higher percentage of their income to rent, or move farther away. Housing is not a free market by any stretch of the imagination, so if you just move one lever you don't always get the response you would in a true free market.