> If the tenant is willing to pay an additional $1,000 a month, that's the new market price. That is incorrect. That is the new price of that unit for that ten

> If the tenant is willing to pay an additional $1,000 a month, that's the new market price. That is incorrect. That is the new price of that unit for that tenant, as if it were a market of size 1. A similar unit on the market would rent for a different rate paid by similar tenants in the market.