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> Why am I not also entitled to a cut of their successes beyond the rental contract? Leave it to the landlord to miss whom property appreciation comes from. It
by an_opabinia 6y ago
> Why am I not also entitled to a cut of their successes beyond the rental contract?
Leave it to the landlord to miss whom property appreciation comes from. It ain’t you! It’s the people living there that make your property more valuable over time. If your renters do well your property value rises.
I don’t know. I mean you might be coming from a place culturally that simply diminishes how you benefit from the system. It’s a narrow minded, ill conceived, jingoist, reductionist culture that attributes all personal good to multi-generational hard work and independence or whatever and belittles the losers for being stupid or lazy or having inadequate families or whatever. But a professional landlord must certainly understand the basic economics of why their renters doing well is also good for them. It boggles the mind to make an error like that, which is why I’m suspecting it would take years of conditioning to be skeptical of your customer’s success.
- roenxi 6y agoSpecial bonus questions for you: * Can I force my tenant to make up the difference if I sell into a down market? * If I support policies that keep house prices steady, do I get any brownie points in this conversation? I'm something of a Georgist btw, That appreciation ain't worth much to an owner forced to sell cheaply after losing their rental stream. You're talking about trading very real value right now for reasonable but ultimately speculative returns.
- uzakov 6y agoWell put questions! I would be interested to see answers to each of those questions from the other person
- deleted 6y ago[deleted]
- taxcoder 6y ago> If your renters do well your property value rises. Could you explain this more fully? I would say that the value rises because there is more demand for the property, not because someone who makes $200,000 a year lives there. If your claim is true, then how does the market know which properties contain successful individuals so the property value increases accordingly?