>>510825898Perfect example of the low IQ understanding of market value.
What exactly determines rent prices? Why do they keep going up?
Why canโt landlords just lower the prices by half?
1. Thereโs an increase in demand. Increased Federally funded low income housing, the air b&b trend, illegals coming in and renting new homebuyers and increases in regulations for new homes being built.
2. Over regulation and increased material costs, stupid zoning laws, HOAโs keeping the dirtbags out. The increase in dirtbags and their crime due to lax liberal policies in dealing with crime and drug abuse. Not to mention higher labor costs, land values, excessive permit processes and fees have all upped the price of homes substantially. Most of this is due to bad liberal policies and over regulation.
3. Inflation pushes up mortgage rates, borrowing costs and the price of every day living. Which makes affordability more difficult. Investments have contributed as well. Ask your local rep why we still let foreign companies buy American properties?
And speaking of mortgage rates, the unprecedented low interest rates over the past decade which ended with inflationary spending during the COVID nonsense resulted in bidding wars and increased borrowing to buy homes which also drove up prices. That resulted in more Americans getting into first time homes than ever before, which further reduced the number of available homes.
All this results in a supply and demand problem. Not enough supply to meet demand = increase in prices. Government stepping in to โfixโ the price isnโt solving anything. It will just crash the economy. Itโs been tried many times in other nations. Never worked, ever!
But I donโt expect your low IQ brain to process or understand any of this complex reality of housing and rent prices. Carry on with your anger and malcontent with the (boogyman) โsystemโ . I dont care because Iโll never have to compete with you in life.