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my parents are landlords
(lemmygrad.ml)
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this post was submitted on 20 Jun 2023
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Communism
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Landlording isn't a service. It is simply being the owner of something. Simply being an owner of something doesn't create value.
Also, landlordng takes homes off the market, making them unavailable for purchase thus creating false scarcity, raising the price to purchase a home, exacerbating the problem you are claiming it alleviates.
The "services" some landlords supposedly provide, such as maintenance, could be afforded by someone who owned a home. Landlords always seek to run a profit. This means they are going to charge more than their mortgage, maintenance, and taxes on the home. The monthly cost to rent is always going to be higher than the monthly cost to buy. Always. Not only will it be a higher cost, but it also builds no equity for the renter. The money you pay into a mortgage, aside from the interest, is partially an investment in yourself and your own assets. Rent, on the other hand, is basically money down the drain for the renter. No gains for the renter, only the landlord.
If you are a renter who believes landlords provide a service, you're being deceived. They are stealing from you.