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That’s an extreme take, don’t you think? We have issues with housing availability and we have issues with wealth concentration but renting a property to tenant
by swatcoder 4y ago
That’s an extreme take, don’t you think?
We have issues with housing availability and we have issues with wealth concentration but renting a property to tenants is often a service to to people. And services are generally provided for money.
I’ve owned homes and I’ve rented homes. Owning can be burdensome in many ways: geographic and capacity friction, unpredictable capital risk, etc. Whether or not I have wealth, I may prefer to rent than by for valid reasons. It’s okay (and good) when someone in my community can provide the service of selling me shelter that suits my current needs for a reliable price. I’m willing to lay some premium for that.
Now, I don’t know what your relationship with your tenants were and if you have other reasons to feel like you were being exploitative, but please don’t toss out the valuable market role of landlords because there are some (and perhaps increasingly too many) that might be playing an unfair game. And certainly think carefully before you include yourself among them! You seem like a thoughtful and well-intentioned person — landlords like you are the kind that do good for communities!