They don’t need an excuse. In the absence of some other limiting factor they will raise rent to what the market can bear, and it turns out that when it comes to something with as severe a supply constraint as land has, the market can bear an awful lot.
No, not even close. Housing is a necessity. It’s not a new iPhone. You can’t just say “wow housing prices are way too high I guess I’ll fuck off to the forest.” This is already in the initial stages of systemic collapse. The lords will keep squeezing and raising prices, and more and more people are being left behind. You see this all over, notably in the rise of homelessness and tent-cities.
They don’t need an excuse. In the absence of some other limiting factor they will raise rent to what the market can bear, and it turns out that when it comes to something with as severe a supply constraint as land has, the market can bear an awful lot.
This is literally what I’ve been saying from the very beginning. They charge what people are able and willing to pay.
No, not even close. Housing is a necessity. It’s not a new iPhone. You can’t just say “wow housing prices are way too high I guess I’ll fuck off to the forest.” This is already in the initial stages of systemic collapse. The lords will keep squeezing and raising prices, and more and more people are being left behind. You see this all over, notably in the rise of homelessness and tent-cities.