05-28-2018, 03:17 PM
(05-28-2018, 03:03 PM)plam Wrote:(05-28-2018, 01:26 AM)GtwoK Wrote: Which is a damn shame, because the more outlandishly pricey these get, the higher rent in general gets here.
Does it, though? Or do the amateur landlords take a hit when they find they're trying to rent above market rate?
That’s exactly correct. The only thing that can raise rents high in a reasonably liquid property market such as we have here is if the market rent is high. This in turn will only be the case if supply is constrained. To be fair, supply can be constrained by building itself being expensive. But a small group of “greedy” landlords can’t do anything to raise rents. The only people who can cause rents to be high are in government.