4 ms·

They pay income taxes on rent. They pay property taxes. They maintain and repair their properties. In what universe are they doing nothing?

eatsyourtacos 4y ago
I think OP mean doing "nothing good". It's not that they are doing nothing.. but the argument is it's certainly not a net positive in terms of overall society. They are purely benefitting the rich at the expense of everyone else.
mrguyorama 4y ago
No, they pass their taxes and maintenance costs onto me, because what the hell am I going to do, move to a different apartment? They own that one too, if it isn't already full because they haven't built new apartments in my city in 20 years. At least they didn't. The past couple years they built like three new giant apartment complexes in the city. They all list for 3x the local average rent. They aren't for residents, they are for rich tourists.
- cycrutchfield 4y ago
  So let me get this straight, your landlord also owns every other apartment in your city. Simultaneously, your landlord is responsible for not building any more new housing. But also your landlord did build new housing, but it’s out of your price range so you are angry. Sounds like your landlord actually lives rent-free, in your head at least.
  - mrguyorama 4y ago
    No the landlords that own the expensive tourist "rentals" aren't the same as my landlord, but my landlord DOES own 4 of the only a few apartment complexes in the area. My apartment complex is run by a property management company that is headquartered in an entirely different state. Most of the rest of the buildings in my city that house people are shitty 1920s homes that are rented out by small time landlords, complexes intentionally or otherwise meant exclusively for section 8 housing, or literal old age homes. It's more profitable FYI for a builder to erect a giant, luxury old age home right on the most busy street rather than build ANY actual housing, because the state pays them $10k a month to house you at the end of their life, and they pay a nurse $50k a year to look after thirty people a day.

eatsyourtacos 4y ago

I think OP mean doing "nothing good". It's not that they are doing nothing.. but the argument is it's certainly not a net positive in terms of overall society. They are purely benefitting the rich at the expense of everyone else.

mrguyorama 4y ago

No, they pass their taxes and maintenance costs onto me, because what the hell am I going to do, move to a different apartment? They own that one too, if it isn't already full because they haven't built new apartments in my city in 20 years. At least they didn't. The past couple years they built like three new giant apartment complexes in the city. They all list for 3x the local average rent. They aren't for residents, they are for rich tourists.

cycrutchfield 4y ago
So let me get this straight, your landlord also owns every other apartment in your city. Simultaneously, your landlord is responsible for not building any more new housing. But also your landlord did build new housing, but it’s out of your price range so you are angry. Sounds like your landlord actually lives rent-free, in your head at least.
- mrguyorama 4y ago
  No the landlords that own the expensive tourist "rentals" aren't the same as my landlord, but my landlord DOES own 4 of the only a few apartment complexes in the area. My apartment complex is run by a property management company that is headquartered in an entirely different state. Most of the rest of the buildings in my city that house people are shitty 1920s homes that are rented out by small time landlords, complexes intentionally or otherwise meant exclusively for section 8 housing, or literal old age homes. It's more profitable FYI for a builder to erect a giant, luxury old age home right on the most busy street rather than build ANY actual housing, because the state pays them $10k a month to house you at the end of their life, and they pay a nurse $50k a year to look after thirty people a day.