Yes, but think of the loss to society of all those property speculators pushing up house prices with their buy to let investments. Where would we be?
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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If you think the State can supplant private landlords as the sole provider of rental housing you are deluding yourself. There is a balance that needs to be struck here whether you like it or not.
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Sometimes I feel for landlords. Ours inherited the building from his father + has no financial smarts. Our late upstairs neighbor went on rent strike for 22 YEARS even after some water damage was fixed + had the audacity to sublet a room. When landlord went to court, he lost.
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This is the story of legacy cities. Buddy living in a hot neighbourhood lives 4 houses down from a house that hasn’t been occupied in 20 years. Landlord lives in Arizona. As long as you pay taxes code enforcement will basically leave you alone.
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"I'm not making any money..." - what, after tenants have been paying the mortgage + repair costs etc meaning that you get a free house?!?
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And funding his capital gains.
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Yes, including slumlords.
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This is bizarrely legal. Thus why real estate is a great investment, even if you are willing to do nothing with the property. Those become the best investment within legacy cities.
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