Two dozen apartments that had been vacant are home to families receiving Section 8 vouchers and paying a fraction of market rent, and all 111 units in the complex are now occupied.
"You guys have been paying a fraction of the rent for a little while now.
A binding minimum wage redistributes some fraction of these rents from employers to employees.
It began with a six-week print campaign featuring full-page testimonials from new and longtime business leaders in the city telling of advantages like the transportation network, nearby airport, fiber optics infrastructure and office rents that are a fraction of the Manhattan rents just a 15-minute train ride away.
James Eagle, a 29-year old architecture student, lived in a former council youth centre in south London for two years with 16 others, paying £220 a month – a fraction of the local rent.
It now employs almost 400 people there, including 70 lawyers, at a fraction of London salaries and rent.
In particular, the Erlang capacity as function of the maximum allowable number of simultaneously rented resources and the fraction of time that resources are rented to achieve such capacity were evaluated.
Despite the newfound popularity, rents remain dirt-cheap, even by Berlin's fraction-of-Manhattan standards, thanks in part to a reputation for poor infrastructure and lack of charm.
In return, the Raiders pay just $525,000 a year in rent — a fraction of what the nearby San Francisco 49ers pay to play at Candlestick Park — and leave all stadium maintenance and game-day operating costs to the Coliseum public authority.
I would much rather pay a fraction of the purchase cost to "rent" them, as it were, for a time being.
