5 ms·
No, they don't. Landlords are complete drains on society. They don't 'provide' housing. They limit supply and drive up costs for everyone else.
by whydoibother 5y ago
No, they don't. Landlords are complete drains on society. They don't 'provide' housing. They limit supply and drive up costs for everyone else.
- sokoloff 5y agoFor multiple periods spanning over two decades in my life, I greatly appreciated the opportunity to live indoors without having to first purchase a house or apartment where I wanted to live.
- whydoibother 5y agoThat is possible without landlords. Gov't provided housing, for instance.
- vineyardmike 5y agoI greatly appreciate not needing to live in govt housing without buying a house.
- whydoibother 5y agoI am assuming you are basing this off the failed and racist public housing that has existed in America. There are better ways though, I assure you.
- AnimalMuppet 5y agoI have a house. I rent out the house. How am I limiting supply?
- whydoibother 5y agoIt is one less house people can buy.
- AnimalMuppet 5y agoAnd one more they can rent. If I buy a house, don't live in it, and don't rent it, that's limiting supply.
- whydoibother 5y agoIt is one more house they won't be able to buy and build equity with. Meanwhile, they will have to pay more than what the mortgage is to rent (you are extracting some kind of profit, after all) and have nothing to show for it at the end.
- AnimalMuppet 5y agoBy that logic, if I buy a house and live in it, I'm also constraining supply, because it's one more house someone else won't be able to buy. And, sure, it's true, in a nitpicky kind of way; they won't be able to buy it. It's also so absurd that your definition of "constraining supply" is clearly useless.