LogFAQs > #942896868

Try_Another___ posted...

I understand that, but the type of landlord I described does exist. The cost of housing is raised by the presence of such landlords because they're middlemen and they need a share of their own. For this reason, the more properties become rentals, and the less purchasable homes are available on the market, the more the cost of housing has arbitrarily risen because now theres an unnecessary third party who takes an additional cut of the money. And god forbid you live somewhere where wealthy people have a vested interest in being, like a college town, because the presence of wealthy people will also arbitrarily raise rent and price out those who cant afford it, who are often times the same people who are directly involved with and contributing to the local economy.

Rental properties only exist if there's a demand for them. If there were a high demand for more affordable housing that a developer could turn a profit in building then they would build those houses.

Rental markets are driven more by people who don't want to own than people who can't afford to own. Which is fine. Owning is a really big liability that ties you down. There's nothing wrong with not wanting that. But those people have to live somewhere so they're gonna rent. And people will provide them somewhere to rent of they can make a profit doing so.

Renting isn't a bad deal. Yeah you pay a slight premium but you aren't paying property taxes. You aren't paying for water/sewage/trash in many cases. And you aren't responsible for repairs. These larger property rental management companies that I think you're talking about have streamlined those costs in a way that you can't owning a single property that you live in.

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