this post was submitted on 12 Sep 2023
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Because they could replace them with tenants who will not only pay the new rate, but not be a pain in the ass.
Your hypothetical tenants are not negotiating from a position of strength at all, they can be easily replaced.
They could reach full capacity before they lost enough money to make it not worth it? Where would all of these people willing to pay their higher rates come from?
According to you, there is a shortage of rental properties, and no shortage of tenants.
There's a shortage of affordable rental properties. Why are you not aware of this?
https://www.theguardian.com/society/2021/aug/12/housing-renter-affordable-data-map