And then they raise rent. For what? They haven’t upgraded anything. They haven’t added any of that value to the property. Every year the house gets older. Cars lose value every year even if you maintain it perfectly.
Good tenants make the neighborhood more desirable. So the rent being raised is a way to punish good Tennant, and steal their hard earn benefit from their existential labour.
And then they raise rent. For what? They haven’t upgraded anything. They haven’t added any of that value to the property. Every year the house gets older. Cars lose value every year even if you maintain it perfectly.
Good tenants make the neighborhood more desirable. So the rent being raised is a way to punish good Tennant, and steal their hard earn benefit from their existential labour.
The land is what’s gaining value, not the structure on it
If there were only a set number of cars available and creating more was prohibitively expensive, cars would appreciate in value as well.
And to be clear, I’m not talking about the house; building more of those is expensive, but doable. It’s building more land that’s the tricky part