House rental increase and IT people

Hello All,
I am just sharing my recent experience in train journey. One co passenger has explained his problem with the house rent. He said that he is paying around 12k for a double bed room flat in Anna nagar and he blamed the IT persons are responsible for the rental increase. I thought that he is working in a manufacturing industry and earning around 3 lac per year and had a pity on him since he has a child (which is one non stop naughty adament all the time and also crying all the time which is a different story altogether)...And he blasted IT guys like anything...In the next morning he distributed his visiting card and it said that he is working as a PL in CSC and his wife in HCL. Shocked..man....For a programmer with 5 years experience in CSC worth 6 lac per year....An earning family of 12-15 lac is bothering to spend 12000 means what????How the people working in MF industry or low salaried people in IT can afford????Folks pls...Dont always blame IT people for all and as a part of IT org. dont blame your own industry persons......Yes we need to agree that the increase is because of IT growth..But now the market is sort of slow down and do u think the owners will decrease the rental because of the slow down..they have different set of audiences like students, bachelors, peoples from other industries who can afford such rents and you cannot always blame IT people for the increase in pencil rate...

Thanks & Regards,
Varun
dayavarun@gmail.com