Housing is one of those goods that's just not really optional. People NEED a roof over their heads, and they will sacrifice a lot of quality of life in other areas to ensure they still have a place to live.
The market will bear a lot more than it should because the market doesn't have any other choice. As far as I'm concerned, people who buy real estate for the sole purpose of renting it out are financial vampires, sucking every last cent from their tenants, finding every justification for raising rents. You gotta be a cartoonish villain to raise rents just because your tenant got a new higher-paying job.
The absolute worst part of it all is how so many landlords have this savior complex, thinking they're providing a service that's good for the community. No no no. Landlords provide housing the same way scalpers provide concert tickets.
The market will bear a lot more than it should because the market doesn't have any other choice. As far as I'm concerned, people who buy real estate for the sole purpose of renting it out are financial vampires, sucking every last cent from their tenants, finding every justification for raising rents. You gotta be a cartoonish villain to raise rents just because your tenant got a new higher-paying job.
The absolute worst part of it all is how so many landlords have this savior complex, thinking they're providing a service that's good for the community. No no no. Landlords provide housing the same way scalpers provide concert tickets.