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I'm not sure why it's so amazing that there are a bunch of local landlords profiting off people's need for shelter. Great for them that they get to get rich, bu

by notJim 5y ago

I'm not sure why it's so amazing that there are a bunch of local landlords profiting off people's need for shelter. Great for them that they get to get rich, but why is making sure rich people stay rich so important again? In my experience, landlords are often a pretty toxic element in local politics (opposing upzoning, opposing progressive policies in general.) IME as a renter corporate landlords were not really better or worse than small-time landlords. At least with the corporate landlords, I can buy shares in the company and reap some of the rewards back. Even better, the government could buy shares through a social wealth fund, and return some of the profits to the whole of society.

beerandt 5y ago
>why is making sure rich people stay rich so important again? Why is enforcing legal contracts so important? Besides being one of the very primal functions of a working government.
mandelbrotwurst 5y ago
If all of the properties owned by small scale landlords are converted into properties owned by large scale ones, you’re going to end up with more income inequality. It also probably pulls wealth out of the local area, depending on where the owners of those larger corporations are.
deleted 5y ago
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annexrichmond 5y ago
What exactly makes you think that all local landlords are getting rich? It is how some people chose to invest their money, just like how you might have chose to invest into the corporate landlords that you think are so much better.
cmckn 5y ago
These types of businesses are building wealth for the owner, sure; but no one is "getting rich" from owning a couple apartments. Maybe we have different definitions of rich. I would rather give ~$500 a month in profit to a member of my community, than a national chain. I think it's odd to be against "the rich staying rich" while shrugging your shoulders at corporations throwing their weight around in the rental market.

by notJim 5y ago

beerandt 5y ago

>why is making sure rich people stay rich so important again? Why is enforcing legal contracts so important? Besides being one of the very primal functions of a working government.

mandelbrotwurst 5y ago

If all of the properties owned by small scale landlords are converted into properties owned by large scale ones, you’re going to end up with more income inequality. It also probably pulls wealth out of the local area, depending on where the owners of those larger corporations are.

deleted 5y ago

[deleted]

annexrichmond 5y ago

What exactly makes you think that all local landlords are getting rich? It is how some people chose to invest their money, just like how you might have chose to invest into the corporate landlords that you think are so much better.

cmckn 5y ago

These types of businesses are building wealth for the owner, sure; but no one is "getting rich" from owning a couple apartments. Maybe we have different definitions of rich. I would rather give ~$500 a month in profit to a member of my community, than a national chain. I think it's odd to be against "the rich staying rich" while shrugging your shoulders at corporations throwing their weight around in the rental market.