[cactus2093]

What’s stopping anyone, anywhere from raising their prices by some arbitrary amount? There are lots of examples of inelastic goods that most people would continue to buy if the prices went up. Why aren’t the prices on those things higher? Generally the answer is competition, and there is still competition among landlords even if everyone suddenly has more disposable income.

[nostrebored]

Competition is one half of the equation here, the other half is the price threshold of renters...

[s1artibartfast]

Not just competition, but the ability to pay limits pricing.