4 ms·

"People/companies who make their money through solely holding/selling space are some of the least talented and useful people." It's easy to generalize about ab

"People/companies who make their money through solely holding/selling space are some of the least talented and useful people." It's easy to generalize about about a job one has never done. Building, maintaining, and renovating property to keep up with tenants' demands takes capital, effort and brains.

mistrial9 3y ago
you are defending the people, not the practices, and I support you there.. economics however, are not physics.. things do change, and change is here.
rwmj 3y ago
Don't know how it works in the US, but in the UK the commercial tenant is responsible for shopfitting (and they'd better restore it exactly how it was when they leave!) and maintenance. The commercial landlord of a salon I help with does absolutely nothing, barring taking the rent each month.
- CHY872 3y ago
  Obviously, it depends. If you’re anywhere near London, you’ll probably have visited the Oxford Street/Regent Street/Carnaby/Seven Dials areas. The former is pretty horrible with half the shops fairly transparent money laundering operations, the latter are nice areas to visit with nice shops and restaurants. The difference is that the latter are single-landlord developments where the former is composed of many landlords each trying to get the highest bid. The difference is the landlord’s value add.
  - rwmj 3y ago
    That's more to do with police underfunding plus their general attitude to fraud which is to ignore it.
flangola7 3y ago
Which human-hours created that capital?
CapstanRoller 3y ago
>Building, maintaining, and renovating property Workers do all that, not landlords.
- IMTDb 3y ago
  > Workers do all that, not landlords. A carpenter does not fix a leaky toilet, nor does a plumber decide if a kitchen needs a new floor. Someone is responsible for ensuring that the right job is performed by the right expert at the right time and is the one ultimately responsible for its success. This is the person you call and yell at if the job is poorly done. It's also the person you pay when it's done correctly. He is the landlord. Workers don't spontaneously come together to erect and maintain buildings, they need a driving force behind them that swallows the risks on top of having the skills required to organise, synchronise and negotiate with many specialists covering many different fields and trades.
  - surgical_fire 3y ago
    > He is the landlord. He is only the rent-seeker my dude. Now that one of the avenues for rent-seeking is declining, they cry that the peasantry should return to the office, may the passive income never die.
    - IMTDb 3y ago
      > He is only the rent-seeker my dude Well...yeah that's what a landlord is. Another kind of rent seeker would be a dude building a small SAAS product by stitching together other people framework, paying a copywriter for his blog content and a designer for his visual. Another is a dude investing his money in bonds/stocks hoping for a return. There are many kind of rent seeker in this world. Each requiring a different set of skills, expertise and appetite for risks. Someone doing that through real estate is called a landlord. It's not better or worse than any other kind.
      - surgical_fire 3y ago
        > Another kind of rent seeker would be a dude building a small SAAS product by stitching together other people framework, paying a copywriter for his blog content and a designer for his visual. Another is a dude investing his money in bonds/stocks hoping for a return. Yes, we are in agreement. > There are many kind of rent seeker in this world. Each requiring a different set of skills, expertise and appetite for risks. Someone doing that through real estate is called a landlord. It's not better or worse than any other kind. Let's not put makeup on this particular pig. I am a rent-seeker myself. Just not a hypocrite that will pretend that I have a particular set of skills that contribute anything to the world. I just saved money acquired through labor and bought dividend stocks.

mistrial9 3y ago

you are defending the people, not the practices, and I support you there.. economics however, are not physics.. things do change, and change is here.

rwmj 3y ago

Don't know how it works in the US, but in the UK the commercial tenant is responsible for shopfitting (and they'd better restore it exactly how it was when they leave!) and maintenance. The commercial landlord of a salon I help with does absolutely nothing, barring taking the rent each month.

CHY872 3y ago
Obviously, it depends. If you’re anywhere near London, you’ll probably have visited the Oxford Street/Regent Street/Carnaby/Seven Dials areas. The former is pretty horrible with half the shops fairly transparent money laundering operations, the latter are nice areas to visit with nice shops and restaurants. The difference is that the latter are single-landlord developments where the former is composed of many landlords each trying to get the highest bid. The difference is the landlord’s value add.
- rwmj 3y ago
  That's more to do with police underfunding plus their general attitude to fraud which is to ignore it.

flangola7 3y ago

Which human-hours created that capital?

CapstanRoller 3y ago

>Building, maintaining, and renovating property Workers do all that, not landlords.

IMTDb 3y ago
> Workers do all that, not landlords. A carpenter does not fix a leaky toilet, nor does a plumber decide if a kitchen needs a new floor. Someone is responsible for ensuring that the right job is performed by the right expert at the right time and is the one ultimately responsible for its success. This is the person you call and yell at if the job is poorly done. It's also the person you pay when it's done correctly. He is the landlord. Workers don't spontaneously come together to erect and maintain buildings, they need a driving force behind them that swallows the risks on top of having the skills required to organise, synchronise and negotiate with many specialists covering many different fields and trades.
- surgical_fire 3y ago
  > He is the landlord. He is only the rent-seeker my dude. Now that one of the avenues for rent-seeking is declining, they cry that the peasantry should return to the office, may the passive income never die.
  - IMTDb 3y ago
    > He is only the rent-seeker my dude Well...yeah that's what a landlord is. Another kind of rent seeker would be a dude building a small SAAS product by stitching together other people framework, paying a copywriter for his blog content and a designer for his visual. Another is a dude investing his money in bonds/stocks hoping for a return. There are many kind of rent seeker in this world. Each requiring a different set of skills, expertise and appetite for risks. Someone doing that through real estate is called a landlord. It's not better or worse than any other kind.
    - surgical_fire 3y ago
      > Another kind of rent seeker would be a dude building a small SAAS product by stitching together other people framework, paying a copywriter for his blog content and a designer for his visual. Another is a dude investing his money in bonds/stocks hoping for a return. Yes, we are in agreement. > There are many kind of rent seeker in this world. Each requiring a different set of skills, expertise and appetite for risks. Someone doing that through real estate is called a landlord. It's not better or worse than any other kind. Let's not put makeup on this particular pig. I am a rent-seeker myself. Just not a hypocrite that will pretend that I have a particular set of skills that contribute anything to the world. I just saved money acquired through labor and bought dividend stocks.