That's literal robbery. When the rent economy reaches a level like this, it just ends up sucking money off of the economy without providing any tangible contribution to the society. No surprise all the other civilized countries have rent control schemes and real estate regulations.
Written by Oz Zeren
Writing for a better future. I work in Tech. I like Philosophy, History, Computers, Gaming, the Internet. I’m excited about the Creator Economy, Web 3.0, DAOs.