4 ms·
Improving and maintaining a house is "at cost". And I've done what you describe. I was a landlord for a decade. I paid back each of my tenants all the profit
by turtledove 4y ago
Improving and maintaining a house is "at cost".
And I've done what you describe. I was a landlord for a decade.
I paid back each of my tenants all the profit I made from them, thousands and thousands of dollars per tenant. Adjusted upwards by the amount the property had appreciated.
I now rent in a sliding scale, capped at the cost of the unit.
Granted, it's only been ten years, not the thirty you suggest, but it's worked out great. Nearly every tenant has used their time with me to build a nest egg or savings that enabled them to move into a house they owned.
- cycrutchfield 4y agoYou could also just donate to charity, the effect might be similar (or even stronger, since it would go to needier people). By the way, this is all very nice of you but it is off-putting how you seem to want to impose forced charity on every other landlord.
- MisterBastahrd 4y agoWhen most people are talking about home ownership, we're not talking about being someone else's landlord. We're talking about living in a place until we move, and then selling that property. You are discussing an entirely different issue.