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Landlords are the ones who create and profit off homelessness, so you have it exactly backwards.
by bugglebeetle 2y ago
Landlords are the ones who create and profit off homelessness, so you have it exactly backwards.
- s1artibartfast 2y agoI dont think that you can view housing as a fixed quantity of resources that are being allocated. Houses dont grow on trees. They take many thousands of man-hours to build, and hundreds of thousands in materials, even in the absence of land scarcity. Landlords front the cost of these things. without them, most of the housing stock would never be built, and there would be nowhere to stay for anyone who doesnt have good credit and a pile of money.
- bugglebeetle 2y agoLandlords by and large do not build houses. They buy up existing stock and coordinate with other landlords to constrain supply and raise rents. I dunno who you think is going to believe these fairy tales, but they’re transparently false to anyone with like an 8th grade reading level: https://www.propublica.org/article/doj-backs-tenants-price-fixing-case-big-landlords-real-estate-tech https://www.propublica.org/article/doj-backs-tenants-price-f...
- s1artibartfast 2y agoNo need to be snarky. Im not that landlords are the builders with the hammers and nails. They are however, a major customer for houses. Fewer houses would be built with fewer paying customers. They also incentivize building through their role as a capitalized buyer of used houses. If it was much harder to resell a house for value, fewer owners would build them in the first place