I and millions of other elderly Americans are NOT IN THE MARKETPLACE. We retired 15 years ago. I am dependent on Social Security ($31 recent increase) + a VA pension ($6 increase) with total of $37/month increase ; rent went up $104/month.
Net LOSS > $ 67/month....$ 804/yr.
As for impact key economic fundamentals > the MUCH higher rents impact the business community very negatively. They reduce purchasing power in the community that businesses are dependent on. Huge loss for small business & stockholders both. Every additional dollar spent on rent is another dollar NOT SPENT on clothing, furniture, sporting goods, musical instruments, jewelry, art, home electronics, & hundreds of other things businesses are trying to sell.
The giant rent spikes of the Biden years were a disaster for businesses, especially those selling non-essentials
Example: Sam Ash Music - was largest musical instrument retailer in America. Went out of business in 2024, after 100 years in business (1924-2024). When your rent explodes from $600/month to $1800/month, you can forget about buying that guitar, violin, or piano.