http://beancounterblog.com/2006/06/22/supply-demand-and-crappy-landlords/ Sat, 24 Mar 2012 18:32:57 +0000 hourly 1 http://wordpress.org/?v= http://beancounterblog.com/2006/06/22/supply-demand-and-crappy-landlords/comment-page-1/#comment-5254 Jordan T. Cox Fri, 23 Jun 2006 21:12:26 +0000 http://beancounterblog.com/2006/06/22/supply-demand-and-crappy-landlords/#comment-5254 While supply is low and demand is high, it's also true that this is an "inelastic" market. Affordable housing is a necessity. Most other markets, people will say "Eh; I would like the Mac'N'Cheese - but it's really not right that I should pay $500/box for it... so I'll just buy this steak for $3 instead.". Housing's a different story. Since you <b>need</b> it, and they've got it - they've also got you by the gonads. Joy! While supply is low and demand is high, it’s also true that this is an “inelastic” market. Affordable housing is a necessity. Most other markets, people will say “Eh; I would like the Mac’N'Cheese – but it’s really not right that I should pay $500/box for it… so I’ll just buy this steak for $3 instead.”. Housing’s a different story. Since you need it, and they’ve got it – they’ve also got you by the gonads. Joy!

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