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> The problem is a simple lack of supply not evil landlords. both can be part of the problem. It's not an one dimensional problem. > In fact, fewer than one-f
by ilyt 4y ago
> The problem is a simple lack of supply not evil landlords.
both can be part of the problem. It's not an one dimensional problem.
> In fact, fewer than one-fifth of rental properties are owned by for-profit businesses of any kind. Most rental properties – about seven-in-ten – are owned by individuals, who typically own just one or two properties, according to 2018 census data. And landlords have complained about being unable to meet their obligations, such as mortgage payments, property taxes and repair bills, because of a falloff in rent payments.
Oh, so sad they would have to sell the property that was previously just provided stream of passive income at no (many private landlords use companies to manage their properties) effort to them at all..
I'm also so sad for them to only earn a good amount on their "investment" of "being well off enough to convince bank to give the mortgage for an investment property" /s.
More than that, this absolute disaster might actually lower the housing pricing a bit and we can't have that now can we ?