Olgratin_Magmatoe , 10 months ago (edited 10 months ago)

Landlords pay up front (directly or via a loan, which the renters presumably cannot get) and assume the risk of vacancies and repairs.

And then they get bailed out by the government when their risk blows up.

wsj.com/…/landlords-were-never-meant-to-get-bailo…

consumerfinance.gov/…/four-reasons-landlords-shou…

And they have little to no risk in the first place because the market has such high demand that they can pretty much instantly fill vacancies, and they barely do repairs if at all. And at least where I live, renters are required to have/pay for renters insurance which further drives down the landlord’s risk.

If landlords ceased to exist, how do you propose new housing stock be created? Should the government be your landlord?

Government investment into housing development (which then turn into market rate housing/co-ops), zoning fixes, and a LVT is the solution. The builders get paid, home ownership becomes affordable, and renters aren’t being priced gouged. It would also do wonders to help fix the homelessness crisis.

And none of it needs the government to own your home.

h