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What value do you provide then? If you can outsource all of the effort to other businesses, but you still make a profit, then you're essentially just a tax on

What value do you provide then? If you can outsource all of the effort to other businesses, but you still make a profit, then you're essentially just a tax on top of the service.

pavel_lishin 2y ago
For what it's worth, I would rather beg on the streets and eat out of a dumpster than take on the hassle of being a landlord, but to answer your question in good faith: In this hypothetical scenario, what I'm providing is the actual physical place that's being rented out, having put up the money for a down payment and the monthly mortgage payments, taxes, etc.
- swagasaurus-rex 2y ago
  That's nice of you, but you owning the place means that somebody else cannot.
  - pavel_lishin 2y ago
    That's very true.
  - csa 2y ago
    > That's nice of you, but you owning the place means that somebody else cannot. If this “somebody else” has the capital, then they should build or buy. Obviously there is an issue of lack of purchasable land/units in certain desirable areas, but that’s a zoning issue. That’s not the problem and shouldn’t be the problem of someone who had the foresight to invest their capital many years/decades prior.
    - swagasaurus-rex 2y ago
      Yeah I should have bought a house when I was 12 years old in middle school. Still kicking myself for that
ineptech 2y ago
Aside from maintaining the building, what landlords are doing is renting access to capital, same as a bank loan.
watwut 2y ago
That is how ownership of a resource works. That is how shares work, how dividends work, how investing works in general. If you own a company, you can have someone doing the basic work, someone else doing taxed, yet someone else clean and someone to sit on reception while you make business decision here and there. Or a lot of them - entirely based on what you want.
csa 2y ago
> What value do you provide then? The main value add was capital to build the dwellings in the first place. If that capital didn’t exist, then the dwellings wouldn’t exist either. The fact that the ROI of that capital is extending to multiple generations may be unpalatable, but it may not be unreasonable (lots of variables). A secondary value in this case would be hiring a good property management company. Some of those companies really suck, and some are really good. As a tenant, you want one of the good ones. A silent owner who is willing to give a healthy rev-share to the management company is the type of owner you want.

What value do you provide then? If you can outsource all of the effort to other businesses, but you still make a profit, then you're essentially just a tax on top of the service.

pavel_lishin 2y ago

For what it's worth, I would rather beg on the streets and eat out of a dumpster than take on the hassle of being a landlord, but to answer your question in good faith: In this hypothetical scenario, what I'm providing is the actual physical place that's being rented out, having put up the money for a down payment and the monthly mortgage payments, taxes, etc.

swagasaurus-rex 2y ago
That's nice of you, but you owning the place means that somebody else cannot.
- pavel_lishin 2y ago
  That's very true.
- csa 2y ago
  > That's nice of you, but you owning the place means that somebody else cannot. If this “somebody else” has the capital, then they should build or buy. Obviously there is an issue of lack of purchasable land/units in certain desirable areas, but that’s a zoning issue. That’s not the problem and shouldn’t be the problem of someone who had the foresight to invest their capital many years/decades prior.
  - swagasaurus-rex 2y ago
    Yeah I should have bought a house when I was 12 years old in middle school. Still kicking myself for that

ineptech 2y ago

Aside from maintaining the building, what landlords are doing is renting access to capital, same as a bank loan.

watwut 2y ago

That is how ownership of a resource works. That is how shares work, how dividends work, how investing works in general. If you own a company, you can have someone doing the basic work, someone else doing taxed, yet someone else clean and someone to sit on reception while you make business decision here and there. Or a lot of them - entirely based on what you want.

csa 2y ago

> What value do you provide then? The main value add was capital to build the dwellings in the first place. If that capital didn’t exist, then the dwellings wouldn’t exist either. The fact that the ROI of that capital is extending to multiple generations may be unpalatable, but it may not be unreasonable (lots of variables). A secondary value in this case would be hiring a good property management company. Some of those companies really suck, and some are really good. As a tenant, you want one of the good ones. A silent owner who is willing to give a healthy rev-share to the management company is the type of owner you want.