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> Because otherwise your landlord is subsidising you, and why would they do that? Because they may have capitalized decades ago and the market only bears a cer
by maerF0x0 1y ago
> Because otherwise your landlord is subsidising you, and why would they do that?
Because they may have capitalized decades ago and the market only bears a certain price. They're not subsidizing you because their cashflow needs are actually lower than new entrants.