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.

  • vacuumflower@lemmy.sdf.org
    link
    fedilink
    arrow-up
    1
    arrow-down
    3
    ·
    1 year ago

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