The landlord had told them he wanted to raise the rent to $3,500 and when they complained he decided to raise it to $9,500.

“We know that our building is not rent controlled and this was something we were always worried about happening and there is no way we can afford $9,500 per month," Yumna Farooq said.

  • EnterOne@lemmy.ml
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    1 year ago

    Before I took economics in college I would have downvoted you. Price ceilings don’t solve the problem.

    • Rocket@lemmy.ca
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      1 year ago

      Before I took economics in college I would have downvoted you.

      Now that you have studied economics, what do you think he got wrong that keeps you from pressing the “This is factual” button now?

    • vacuumflower@lemmy.sdf.org
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      1 year ago

      It’s funny, somehow I managed to understand this before any college. Because supply and demand are supposedly quite intuitive.