it's rather devious because the technical value of the gift is 440$ but it really comes at no cost to the landlord. even though it's 440$ off their paycheck they've expended no work in making that gift happen, so in terms of labour they lose nothing
If they gave the tenant $440 in cash, that would be out of their after tax income. By giving them a discount on rent, the landlord is actually losing less than $440 cash.
it's rather devious because the technical value of the gift is 440$ but it really comes at no cost to the landlord. even though it's 440$ off their paycheck they've expended no work in making that gift happen, so in terms of labour they lose nothing
landlords don't do labor anyway
Yes, that was what I was implying
Something something opportunity cost something something value
If they gave the tenant $440 in cash, that would be out of their after tax income. By giving them a discount on rent, the landlord is actually losing less than $440 cash.