> Because for instance, you'll rent at 30%, but if there was honest market pressure (and lets face it, there isn't) why wouldn't someone else rent at 28%? Or 25%? etc.
They do! And then like all other markets, equilibrium is found, and that equilibrium point is what moves up as incomes move up.
They do! And then like all other markets, equilibrium is found, and that equilibrium point is what moves up as incomes move up.