This is one of the dumbest post in the history of the coli. And everyone who dapped it is equally stupid. You guys need to stop pretending to have done any research. The only smart thing was
@Barnett114 saying there is a lack of affordable housing and more units need to be built as well. These policies are not i isolation. But the tendency of people to just assume that the person with money is the one doing something right is one of the most problematic issues in America. Raising rates 10 percent over the year isn’t to cover any new costs. It is to maximize profit at the expense of the tenant.
You can only raise rents if people are willing to pay the increase
If an area becomes "popular", more people will want to live there, and some of those people will have more money than others.
So if I'm a person who has made an investment in real estate, and my goal is to profit off of that investment, why wouldn't I take advantage of the rising popularity of my property? Again, I made an investment, I didn't start a charity.
Because when the value of that property increases the government isn't gonna show mercy and leave my property taxes alone.
See how easy that was to use critical thinking. And I didn't need a million dollar study or 3 TEDx talks to juelz myself. I just critically thought of the situation.