It's neither. Landlords have a right to charge as much as they can, and tech companies have a right to pay as much as they like (in fact, I encourage it). The

It's neither. Landlords have a right to charge as much as they can, and tech companies have a right to pay as much as they like (in fact, I encourage it). The real problems are (1) artificial restrictions on housing supply, and (2) people not being unable to deal with the harsh realities of the market. The free market means you can use money to buy things that other people also would have wanted. In fact, there would be little point in working if we couldn't. There is no reason to feel particularly sympathetic to the people who happened to be living in an area where rents increased. If the adjustment costs are very high, I also have nothing against increased aid to the people affected. But unless a person owns something, they don't have the right to it, and so people who have been renting a long time don't have the right to keep renting indefinitely at that price.