3 ms·
Is it fair that you're paying rent to your former landlord's son? It is if the rate is fair. Being a landlord is actually a job and it can involve quite a bit o
by bloppe 3y ago
Is it fair that you're paying rent to your former landlord's son? It is if the rate is fair. Being a landlord is actually a job and it can involve quite a bit of risk (property damage, housing market crashes, etc). It's not exactly rare for landlords to actually lose money. Maintenance costs, taxes, and that risk should be priced into your rent, plus a reasonable fee. If that fee is unreasonable, now you're in an unstable market state. There would have to be significant anticompetitive forces in the property market (onerous zoning, natural limitations) to keep it that way, otherwise you would want to move to a new landlord with a reasonable fee.
Whether or not private inheritance is fair is a completely separate debate. We could do away with private inheritance, and all these market forces would still work to keep prices fair.
- ido 3y agoOh, absolutely the failing is actually of the city to get enough housing built as to create an efficient market. But my point wasn’t really about my landlord but that the fact that some executive at Ubisoft or Activision are paying themselves generously while paying employees worse than non-games tech isn’t an indication that the lower wages in the games industry are due to collusion, rather than supply/demand equilibria being different in different sub-industries.