Earlier quoted context omitted.
> High rents are created by high local productivity. Wrong. High rents have many reasons and also good policies to get them down and have affordable housing for more people, also in otherwise expensive and popular cities.
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…
Put the following prompt into your favourite AI and enjoy the reading:
"How do rents relate to productivity in the area? How does Vienna compare to San Francisco?"