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by zer0x4d
742 days ago
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That's the case when there is a market where demand is dynamic and a person can simply refuse to buy (decreasing demand) if the prices are too high. Milk is like this. But in rental market, the demand is not dynamic. You HAVE to get an apartment to live in once your lease is up. If 80% of the complexes around you are on this and on top of that the independents also set their pricing based on the market controlled by the majority, then they can charge you whatever they want. You HAVE to buy and you HAVE to get it with the price dictated by them. There is absolutely no supply and demand in this at play. |
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