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Landlords don’t build housing, what gave you that idea? Construction companies build housing, home builders build housing. Landlords purchase existing housing a
by boredpeter 4y ago
Landlords don’t build housing, what gave you that idea? Construction companies build housing, home builders build housing. Landlords purchase existing housing and rent it for a monthly fee.
No I’m not suggesting we eliminate renting altogether. I do think there is an opportunity to limit how many rentals can exist in an area or the form of those rentals (multi family or single) in order to drive down housing prices in areas where landlords own a substantial amount of land. Alternatively I would suggest not privatizing ownership of rental housing and socializing the housing.
- prepend 4y ago> I do think there is an opportunity to limit how many rentals can exist in an area or the form of those rentals (multi family or single) in order to drive down housing prices in areas where landlords own a substantial amount of land. If you limit the amount of rentals then that will increase prices, not drive down. That’s because if there are fewer homes to rent and the same number of renters, prices will increase to the level that the renters will accept before they move somewhere else.
- Ekaros 4y agoLandlords do very important thing in market. They provide capital. And housing is perfectly good example of capital. What should be fixed is to provide sufficient supply of both private and rental homes. Thus driving prices of both down. And this should be entirely possible if certain tradeoffs like not everyone getting that single-family home next to downtown near lake and sea is possible...