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myassholealt t1_j7vcw6b wrote

Reply to comment by George4Mayor86 in Manhattan rents hit an all-time high in January by WarrenBuffetsDriver

Yes, because those two things are exactly what every claims.

I swear you people love making shit up to argue against. And I don't get why you people refuse to acknowledge the fact that rents will always keep going up because there will always be people willing to pay the asking price. it's also comical that you're comparing Buffalo and Manhattan real estate.

I can't even say you've lost the plot cause it doesn't sound like you've ever held it.

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George4Mayor86 t1_j7vdc2x wrote

Why doesn’t every landlord raise rent to a million dollars a month? Demand is very high in New York, but it’s still finite at a given price point.

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myassholealt t1_j7x43dt wrote

>Why doesn’t every landlord raise rent to a million dollars a month

Going to the extreme to refute a point. Solid strategy. That 'given price point' is unaffordable for a lot of people. Unless that example above of a $2K increase is totally reasonable. And all the new buildings around him will charge 5K+ too, cause that old place is charging $5K, but we're offering completely brand new with shiny new appliances and finishes. So surely you will have to pay more here. And on and on and on.

That owner will find someone with deep pockets to rent it.

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