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In a city in which rents move in only one direction, they will search ever farther afield for compatible and affordable neighborhoods.
Families struggling with high rents move more often, which leads to reduced productivity, high employee turnover rates and increased worker training costs.
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Christopher Mayer, a housing economist at Columbia Business School, imagines tens of thousands of professionals, currently scared away by insane rents, moving in from Brooklyn, Queens and Hoboken — even Philadelphia and Chicago.
But occupancy fluctuated wildly at the trade center until the late 1990s, when corporations fleeing high Midtown rents moved to the trade center.
The decrease in distortion caused by the reduction of information rents moves the economy towards the efficient outcome.
"I have been told I have three options: pay the rent, move home or take in a lodger, which I don't want to do," she said.
"Every time a renter moves home they spin the roulette wheel.
Half of my business comes from people typing "rent moving boxes" into Google.
After "Rent" moved to Broadway in 1996, Mr. Setlock landed a role as an understudy and quit Bouley.
On Monday, an armada of rented moving vans jockeyed for position with overloaded pickup trucks and trailers reminiscent of "The Beverly Hillbillies".
There's a letter written by a woman to her husband who, fed up with living under his in-laws' roof (and, worse, paying them rent), moved out.
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