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Godzilla knows what's up (lemmy.blahaj.zone)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 15 points 8 months ago

As a landlord, you can hire someone to handle reparations, disputes, enforcement of contracts and rent collection. Therefore, being a landlord is really not actual work. It's like the difference between being the owner of a company and its CEO: it sometimes goes hand in hand in smaller companies, but the owner isn't pocketing the company's profit because they do management work, they get the profit because they're the owner.

Because for housing to exist there is an inherent risk that somebody has to carry to guarantee the mortgage is paid for and that it will not go up in flames.

So just build public housing, which can actually be priced attending to the real cost of building it and maintaining it rather than market speculation.