Landlords do not provide housing - eviltoast

ID: A Sophie Labelle 4 panel comic featuring Stephie in different poses, saying:

Landlords do not provide housing.

They buy and Hold more space than they need for themselves.

Then, they create a false scarcity and profit off of it.

What they’re doing is literally the opposite of providing housing.

  • usualsuspect191@lemmy.caEnglish
    1·
    1 month ago

    True, although likely spread over a longer period of time and over multiple tenants. You’re not paying for the new roof after just renting a couple of years for example.

    Where I live, the break-even point is about 3 years last I checked where it’s cheaper to rent assuming you could buy if you wanted to (realtor fees are a part of this since they essentially run a cartel, speaking of parasites…). That’s assuming no major maintenance needed otherwise that changes the math.