> Real estate (and by extension rents) will take up any available slack on income.
Only if allowed to do so - but yes, landlord are leeches who do nothing and in return soak up every penny of income they can from their tenants.
However, isn't the typical market-capitalist argument to this, "if they could be making more money now, they would?" Don't "markets" set the price of real estate?
Markets don't, but it's really funny to me when people argue against good things, such as increasing minimum wage, with absurdities, like somehow a minimum wage increase is simply a subsidy for landlords.
Only if allowed to do so - but yes, landlord are leeches who do nothing and in return soak up every penny of income they can from their tenants.
However, isn't the typical market-capitalist argument to this, "if they could be making more money now, they would?" Don't "markets" set the price of real estate?
Markets don't, but it's really funny to me when people argue against good things, such as increasing minimum wage, with absurdities, like somehow a minimum wage increase is simply a subsidy for landlords.