[deleted] t1_iuvuhij wrote
Reply to comment by HappyArtichoke7729 in Landlords / Renters, with the recent tax hike, how much do you anticipate % of rent to be raised? by balaca40
[deleted]
HappyArtichoke7729 t1_iuw3f7d wrote
Yes, and supplier cost is not a factor in supply & demand pricing. Only supply quantity and demand quantity. Supply cost is not a term in the equation.
By that logic, you think the prices would go down if taxes or other landlord costs went down? LMAO GTFO
You're confusing this with commodities.
socalhusky t1_iuwchq1 wrote
the burden of the tax actually falls to whoever is the least price elastic, in this case the “demanders” or renters. but based on your other comments i don’t think you have the brain cells required to understand basic economic principals
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