He is not forced to set the price at this upper limit.
It’s no different than any other product you could buy in a store. Supply and demand ultimately determines the price. Charging what it is worth is no more greedy than any other aspect of capitalism. And as I said originally, maybe there are bigger issues than just “greedy landlords” that are causing the prices to go up so much, in this case unchecked capitalism.
Zoning is just one example. Part of the problem is that someone that just bought a million dollar home doesn’t want multi family homes built across the street. That will decrease the value of their house. Zoning plays into this. There’s plenty more state/local governments can do, but are not doing.
It’s interesting that when talking about the people building homes, you totally get the profit driven mentality. Why should we expect investors to build homes that would give them less profit? Exactly, and why would you expect landlords to charge less than what the home is worth? Why would Nike charge $50 for those shoes when they can charge $200 and still sell out immediately?
There’s lots to consider and saying “greedy landlords” is the problem just ignores the entire reality.
It’s no different than any other product you could buy in a store. Supply and demand ultimately determines the price. Charging what it is worth is no more greedy than any other aspect of capitalism. And as I said originally, maybe there are bigger issues than just “greedy landlords” that are causing the prices to go up so much, in this case unchecked capitalism.
Zoning is just one example. Part of the problem is that someone that just bought a million dollar home doesn’t want multi family homes built across the street. That will decrease the value of their house. Zoning plays into this. There’s plenty more state/local governments can do, but are not doing.
It’s interesting that when talking about the people building homes, you totally get the profit driven mentality. Why should we expect investors to build homes that would give them less profit? Exactly, and why would you expect landlords to charge less than what the home is worth? Why would Nike charge $50 for those shoes when they can charge $200 and still sell out immediately?
There’s lots to consider and saying “greedy landlords” is the problem just ignores the entire reality.