Antique-Zucchini3250 t1_itsgmye wrote on October 25, 2022 at 11:37 PM

Reply to comment by semihat in Rent too damn high? Landlords have formed an illegal cartel according to several reports by cogitator_tertius

hm it's almost as if housing doesn't perfectly follow economics 101 theory, maybe because people are willing to do almost anything to not be homeless.

GMUcovidta t1_itsjlbp wrote on October 25, 2022 at 11:59 PM

Anyone that passed economics 101 is familiar with necessities and related pricing elasticity. The fact people are willing to spend a lot to avoid homelessness is covered in entry level Econ classes and a key part of many more advanced economic theories.

The person you're replying to is just clueless and doesn't understand how leases work.

Charlesinrichmond t1_itv3or0 wrote on October 26, 2022 at 3:08 PM

oh my god why does reddit hate math so much

semihat t1_itt30a4 wrote on October 26, 2022 at 2:29 AM

the alternative to renting an apartment is not necessarily to go homeless. 1. you could buy a home 2. you could rent a single family home 3. you could move in with family 4. you could move into a home or apartment with roommates.

bruxalle t1_itueip2 wrote on October 26, 2022 at 11:52 AM

Yeah, you could just win the lottery dummy!