The US economy is doing well. President Biden wants to know why so many Americans are still feeling bad

return2ozma@lemmy.world to politics @lemmy.world – 302 points –
The US economy is doing well. President Biden wants to know why so many Americans are still feeling bad | CNN Politics
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Landlords reduce the rent on vacant units when they have too many of them. Just like hotel owners

And those prices do not go below the cost to run those properties, which has gone up significantly. But of course, it's easy to ignore the millions of people struggling if your goal is to put a shine on a rich politician with no real insight into thier struggles.

Revenues can certainly be lower than the costs to operate a property. That just means the business is operating at a loss, which is in fact happening to plenty of rentals as well as hotels.