4 ms·
Not everyone is wealthy enough or wants to move into an area and buy a house. Landlords make this possible. They also keep up with all the maintenance that any
by sevenf0ur 5y ago
Not everyone is wealthy enough or wants to move into an area and buy a house. Landlords make this possible. They also keep up with all the maintenance that any homeowner is familiar with. Houses are in a constant state of decay.
- MereInterest 5y agoExcept that landlords make a profit. The rent is higher than the mortgage+expenses. The landlord assumes risk of depreciation, but the response to the 2008 financial crisis showed that risk to be minimal. That extra profit is an incentive for landlords to buy more, which pushes up the price of houses overall, whether being bought to live in, or bought to rent out
- Chris2048 5y ago> The landlord assumes risk of depreciation, but the response to the 2008 financial crisis showed that risk to be minimal Then it seems you think risk is overpriced. That fair enough. But if the whole market of landlords disagrees, the burden is on you to demonstrate otherwise. > the response to the 2008 financial crisis showed That's like saying "the fact my house didn't burn down showed that my fire-insurance was worthless". That's not how risk works. If you disagree, buy a house yourself, and offer it at lower-than-market rental rates. If no one with skin in the game is willing to do that, what can be done? It's not like the lower-end rental market is only affordable to the 1% - There are plenty small-time middle-class landlords.