Peter
May 22 2023 at 1:04pm
It’s all about your local market. I live here in Honolulu, a single walled studio with no HVAC, no parking, no laundry, jalousies, and rampant mold and roach infestations will easily go $1300 and rent out in a week.
And professionally I deal with trying to house homeless families. Because they get guaranteed rent vouches for extended periods (section 8 but also other programs, some private) that are based on family size, the landlords that take vouchers really gouge, ahem “efficiently price”, the housing to match the voucher floor so you get places like one bedrooms renting for 200% above market rate for comparable size and location that would never rent out sans these programs as they have things like exposed wiring, holes in walls and ceiling, etc but they can and do because they are the only folk that will accept vouchers.
$2000 might sound like a lot for a farm shack and you would be right but the part you are missing is the exploitive market there, i.e. as illegals they generally don’t have access to normal housing market as most landlords don’t want to accept the risk (can’t sue for damages or lease break, won’t pass background or credit checks, etc).
