As Adam Smith once wisely observed:
The rent of land, therefore, considered as the price paid for the use of the land, is naturally a monopoly price. It is not at all proportioned to what the landlord may have laid out upon the improvement of the land, or to what he can afford to take; but to what the farmer can afford to give.
No matter what, landlords, as a class, will always demand as much as their victims can give.
