[nkozyra]

Doesn't this just trickle down to the renter, who has few alternative housing options?

[thow-01187]

No. Landlords do not "produce" rooms by taking raw materials and transforming them into goods. In the current market, the rent is determined by how much the marginal renter is able to pay. Increasing the cost to the landlord doesn't magically increase the renter's ability to pay

[candiodari]

That's true. It will reduce housing supply and drive costs up, but it will take a while to happen.

[caterama]

Costs trickle-down... Profits don't.

[nkozyra]

> Costs trickle-down... Profits don't.

Well, we're talking about costs. That's why I asked.

[donkeyd]

This guy gets it.