This is simply because renting prices are effectively almost exclusively profits for the owner of the rented space.
I don’t think that’s true in all cases. If you think about the price of properties and know how much a credit costs. Properties in cities easily cost a million dollars so with 3% interest that’s 30 000$ a year you have to get just to pay interest on your loan.
I don’t think that’s true in all cases. If you think about the price of properties and know how much a credit costs. Properties in cities easily cost a million dollars so with 3% interest that’s 30 000$ a year you have to get just to pay interest on your loan.