this post was submitted on 11 Jan 2024
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Fixed it for you. Landlording is one of many forms of "growing one's existing wealth without creating new wealth"
Oh ffs, being a private landlord owning a few houses for rent is not a risk-free endeavor and not purely parasitic. You typically have to fix up the properties first (an investment), do work to vet renters, manage the property (maintenance effort/time/cost), and absorb the risk of bad renters destroying the interior. The landlord has to invest their own time and money to provide a livable shelter to others, who exchange money for not having to deal with all the above listed. That livable shelter is a big freaking deal, or why else would someone choose to spend money on it?
Companies developing monopolies on rental markets is a very different scenario, and I don't think it should be legal. Small private landlords? Yes.
No, get a real job and stop exploiting people.
You do realize that being a landlord is typically a negative cashflow business, meaning they lose money every year? The only upside they get from renting out that property if the possible growth in equity, which is typically less than that of investing in the stock market.