So it’s utility maximising for renters, assuming they don’t get caught and the time penalty isn’t significant, to deface their property or those in their area so that the property is less attractive to others, assuming they don’t value the original state aesthetics of the property relative to the defaced state more than the price differential?
So it’s utility maximising for renters, assuming they don’t get caught and the time penalty isn’t significant, to deface their property or those in their area so that the property is less attractive to others, assuming they don’t value the original state aesthetics of the property relative to the defaced state more than the price differential?