The landlord had told them he wanted to raise the rent to $3,500 and when they complained he decided to raise it to $9,500.

“We know that our building is not rent controlled and this was something we were always worried about happening and there is no way we can afford $9,500 per month," Yumna Farooq said.

  • uis@lemmy.world
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    1 year ago

    That is, what you pay to a landlord in 1 year is the cost of the apartment plus utilities plus decoration plus furniture?

    Cost of apartment if landlord would not participate in bidding. For person it would be 10%, not 100%.

    • vacuumflower@lemmy.sdf.org
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      1 year ago

      It wouldn’t, because a landlord proxies tenants’ bidding.

      It’s funny, I had some course (or maybe it was after class activity) for one year called don’t remember what in school (2 different things, one kinda economics, one kinda sociology), we’d basically roleplay political systems and economic systems.

      It’d give you the correct answer very quickly. Only you need a group of 20+ who are not all friends (like in a class).