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Small landlords don't own apartment buildings. They buy houses/units to rent, lowering availability for buyers. So, you'd at least want to look at the number
by tonyhb 12d ago
Small landlords don't own apartment buildings. They buy houses/units to rent, lowering availability for buyers. So, you'd at least want to look at the number of new apartment rentals available plus the number of first time house buyers to get a better picture.
- dmitrygr 12d ago> lowering availability for buyers This makes an unsubstantiated assumption that everyone would rather buy and can afford to, ignoring that people have reasons to rent.
- tonyhb 12d agoNo, it doesn't. It states that if a landlord has 3 houses and exits the landlord market, those houses are either kept unused or sold and are available for new buyers.
- dmitrygr 12d agoSold...to a large landlord company... yes That is what happened in Seattle
- InitialLastName 12d agoAssuming the same homes, which group do you think is larger: A) Households who are currently renting who would prefer to own their home B) Households who currently own who would prefer to be renting I'm going to guess A >>> B, but I've never seen the data.
- dmitrygr 12d ago"prefer" is irrelevant. I prefer to be a billionaire and own an island. Question is of ability.
- standeven 12d agoSmall landlords also rent out basement suites and carriage homes on their own property, no? Those may very well sit empty if the return isn’t worth the risk. Editing to just add: I absolutely support transparent pricing for rental properties.
- EA-3167 12d agoThey don't own the buildings, but it's frequently part of a condo association and they own a unit or two.
- tonyhb 12d agoYes, this is the same as buying a unit and renting as in my original post.