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You'd hope that business owners would care about running ethical businesses and meeting their clients' needs instead of holding them in outright contempt and di

You'd hope that business owners would care about running ethical businesses and meeting their clients' needs instead of holding them in outright contempt and disdain.

Zababa 4y ago
Do landlors consider themselves business owners? The few I know seem to treat it differently. It might be because they rent one or two houses/apparemments at most.
- bombcar 4y ago
  Most small-time landlords do NOT treat it as a business; they have a general idea that "total proceeds" > "mortgage expenses" + appreciation and consider themselves to be doing well. Often (especially in CA) they're doing arbitrage on property taxes (if they sold the house, it's tax would rise, so they can rent it close to the "sell it now mortgage + taxes" price). They never stop to consider why their accountant keeps saying that they made $0 on the rental after depreciation ... must be a gift from the IRS! Once you actually start trying to work it as a business you realize why most companies don't want to be in the business of renting single family homes, and stick to larger apartments.
  - moneywoes 4y ago
    > Once you actually start trying to work it as a business you realize why most companies don't want to be in the business of renting single family homes, and stick to larger apartments. Can you elaborate on this? Is it due to the larger numbers in multifamily
  - heavyset_go 4y ago
    Just because some landlords run their businesses poorly, or don't/barely break even, doesn't mean that they aren't running businesses.
2-718-281-828 4y ago
renting from the perception of landlords is more fiefdom than a business. they literally consider themself "landlords" ...
Mezzie 4y ago
Why? Genuinely, why would you hope/expect this? There is no incentive for most of them to do so in relatively inelastic markets such as housing.
- jon-wood 4y ago
  I get questioning why someone would expect this given the world we live in, but why would we hope for it? How about because the world would just be a nicer place to live if every transaction around the place people live weren’t undertaken on the basis that both parties are trying to screw each other?
- heavyset_go 4y ago
  I don't hope or expect it, but I'm tempering my response so it doesn't trigger the typical HN crowd.

You'd hope that business owners would care about running ethical businesses and meeting their clients' needs instead of holding them in outright contempt and disdain.

Zababa 4y ago

Do landlors consider themselves business owners? The few I know seem to treat it differently. It might be because they rent one or two houses/apparemments at most.

bombcar 4y ago
Most small-time landlords do NOT treat it as a business; they have a general idea that "total proceeds" > "mortgage expenses" + appreciation and consider themselves to be doing well. Often (especially in CA) they're doing arbitrage on property taxes (if they sold the house, it's tax would rise, so they can rent it close to the "sell it now mortgage + taxes" price). They never stop to consider why their accountant keeps saying that they made $0 on the rental after depreciation ... must be a gift from the IRS! Once you actually start trying to work it as a business you realize why most companies don't want to be in the business of renting single family homes, and stick to larger apartments.
- moneywoes 4y ago
  > Once you actually start trying to work it as a business you realize why most companies don't want to be in the business of renting single family homes, and stick to larger apartments. Can you elaborate on this? Is it due to the larger numbers in multifamily
- heavyset_go 4y ago
  Just because some landlords run their businesses poorly, or don't/barely break even, doesn't mean that they aren't running businesses.

2-718-281-828 4y ago

renting from the perception of landlords is more fiefdom than a business. they literally consider themself "landlords" ...

Mezzie 4y ago

Why? Genuinely, why would you hope/expect this? There is no incentive for most of them to do so in relatively inelastic markets such as housing.

jon-wood 4y ago
I get questioning why someone would expect this given the world we live in, but why would we hope for it? How about because the world would just be a nicer place to live if every transaction around the place people live weren’t undertaken on the basis that both parties are trying to screw each other?
heavyset_go 4y ago
I don't hope or expect it, but I'm tempering my response so it doesn't trigger the typical HN crowd.