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That's a simplistic view that doesn't take into account property prices; not every landlord has owned property since the beginning of time, taking advantage of
by steffan 6y ago
That's a simplistic view that doesn't take into account property prices; not every landlord has owned property since the beginning of time, taking advantage of price increases.
Imagine a retired teacher who decides to rent out a garage apartment to supplement her pension - is she taking advantage of 'inflated rents' if the rent amount barely covers a proportional amount of the mortgage?
Additionally, landlords have to pay 'inflated property taxes', 'inflated utilities', and 'inflated garbage service' - these aren't discretionary costs for a property owner unless you advocate letting people stay in their apartments, but without landlord contributions to water, heat, cooling, garbage.
- nsnick 6y agoRetired teachers in San Francisco who own property have either owned it since the beginning of time, or have an incredibly rich spouse.
- rbecker 6y agoAll your examples are consequences of inflated property prices. When I complained of inflated rents, the complaint over property prices was implied. By subsidizing rents, you also subsidize property prices.
- mercer 6y agoMost landlords are not retired teachers who rent out their garage apartment.