Ok, you gonna go build your own house then?
Ok, you gonna go build your own house then?
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.
All these commenters completely unwilling to consider the details of what you said. Got a slice of REIT in my retirement fund for exactly what you said.
Thank you…this makes it understandable!
The risk of being a landlord is exactly why I don’t do it, and invest elsewhere.