General Discussion
In reply to the discussion: America without Landlords: A more in-depth discussion. [View all]True Blue Door
(2,969 posts)I could just as easily ask "What about people that don't want to rent right now, but are forced to by the artificially inflated prices of real estate"? Do you have an answer for that in defense of the status quo?
If we already had the system I'm talking about and you were advocating changing it to the system we actually have, could you answer that objection? Could you explain why millions of people who could afford to buy should suddenly be priced completely out of the market and forced to pay rent that constantly increases, to fewer and fewer owners charging more and more just because they can?
The test of the question is which system, once implemented and the costs associated with transition amortized, best represents the interests of the general public. There is essentially no argument for the status quo, because it doesn't even stay the same level of awful: It continues getting worse and harming people more and more.
You may be a great landlord, but your personal generosity doesn't change the reality of the market.