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Sure, but I don't believe "some landlords fail" changes the fact that as a class, they are structurally advantaged over renters. Landlords can leverage existin
by xyzzy123 1y ago
Sure, but I don't believe "some landlords fail" changes the fact that as a class, they are structurally advantaged over renters.
Landlords can leverage existing assets (having 1 property helps you get more), benefit from asset appreciation and get tax advantages. When infrastructure or amenities get built, they capture a share of the value. When jobs are created or wages go up in an area, again the landlord captures value. Their asset class is politically protected in many ways. Then there's the whole inter-generational thing...
To a large extent, if your parents were owners, you will be an owner and if your parents were renters, you will be a renter. It's not guaranteed of course, but the effect is very strong.
I'm no socialist but I know a rigged game when I see one.