this post was submitted on 05 Sep 2023
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Lizard treats (lemmy.world)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] [email protected] 1 points 1 year ago

This is simply because renting prices are effectively almost exclusively profits for the owner of the rented space.

I don't think that's true in all cases. If you think about the price of properties and know how much a credit costs. Properties in cities easily cost a million dollars so with 3% interest that's 30 000$ a year you have to get just to pay interest on your loan.