3 ms·
> I never understood that. I keep hearing about landlords ultimately sucking all the earnings of the society that lives on the land they own When you buy a hou
by ucaetano 9y ago
> I never understood that. I keep hearing about landlords ultimately sucking all the earnings of the society that lives on the land they own
When you buy a house, you're essentially becoming your own landlord.
Taxes aside, it doesn't make a difference if you rent, buy a house and live in it, or buy a house, rent it out, and rent another house for yourself.
The issue isn't being a landlord, but blocking the building of new housing when demand is going up so you can extract economic rents from society.