Quote:
Originally Posted by JCricket
It is my hypothesis. Thanks for pointing this out. I feel this way due to many years of living at minimum wage. I'll see if I can find any data on it. It may be just a crazy idea of mine.
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Not a crazy idea. I'd expect a positive relationship. I'm just wondering how tight it is. As stated, if income goes up $10.00 on the margin, rent will go up $9.50 or more. Perhaps it would more likely go up $1.50, or $.25.