Earlier quoted context omitted.
Nope. Rents cannot (at meaningful scale) exceed local productivity, or else there will be widespread vacancies and landlords will reduce their rents. Rents cannot (at meaningful scale) fall below local productivity, or else landlords will simply raise their rents. Go talk to a landlord about how they site prices. Step 1. Look up income of your target demographic Step 2. Eat 30% of their income Can you show me a place…
> Rents cannot (at meaningful scale) exceed local productivity Manipulating the real estate market via direct economic manipulation, collusion, or regulatory capture is so common that the entire concept of manipulating the market to earn higher profits is called https://en.wikipedia.org/wiki/Rent-seeking . It's not just that it can, it's that it does so often it's taught in Econ 101. That you don't know this implies…
The claim is not that rents are always at their optimal or most efficient level - they're not! The claim is that you cannot (at meaningful scale) charge people who earn $1,000/month in income $2,000/month in rent to live in a place. They will have to move.
Did you take any arithmetic classes?
And any case, you should stop mind-reading. You're bad at it. I'm not a Randian nor a right-winger nor a libertarian nor free-market idealist.