The Venn diagram of idiots who hate landlords and idiots who would be living with their parents without landlords, is just a circle. This is why, as the PRS shrinks, tenants are queuing for properties in larger numbers.
It’s not. Leftist idiots are simply blinded by ideology. iea.org.uk/what-the-supply-side-deniers-at-the-guardian-get-wrong-about-britains-housing-crisis/
Landlords do nothing? They pay the mortgage the taxes the insurance - they hope to get a rent check and do not get tied up in court while still being obliged to pay those expenses - take a lot of risk of liability. So how do you leverage that risk? You try to make some money off of properties. Yeah those that do not take care of their properties are scum...
Your argument for the value of landlords is that they use other people's money to pay their mortgage and keep the profit? Sounds more like an unproductive leech to me.
@@danielralston1157 Not everyone can qualify or wants to burdened with a mortgage. Henry David Thoreau once said a home is blessing but also a coffin, referring to its burdens. A renter can leave much easier and in some markets, holding a mortgage is a big liability. Landlords do provide a service to these situations. They leverage their credit. 2800 in rent for a duplex that cost $2200 a month mortgage then add taxes insurance repairs. Where is the profit? And then if a rent check is not paid and they get tied up in court? Think about it.
@@danielralston1157 If you wish to use your " posted" argument in good faith and consistent logic then you must assert " common ownership of the means of priduction" as must the against lanlordism author. Don't mean to lecture, but in a capitalist economy like uk, products and services are commodities, to be bought and sold for profit. This author pussyooits around Marxist arguments against private rent while not explicitly doing so
@@Transform108 Do taxes, insurance and repairs add up to more than rent? Not a chance, therefore, profit. You're delusional if you think landlords don't do so for profit. They're leeches, not charities.
@@SergieRachmaninoff Of course there is incentive. Long term and some interim cash flow. The expenses do add up to quite a bit. A fair profit in exchange for the risk of credit is okay. Otherwise why bother? Instead of emotional junk give me an example of expenses for a landlord. Here is a familiar example. 415K paid for a 2 unit house. Rent collected 1600 + 1600. The market rate for the area. 3200 So monthly payments with 10% down. $2300 for mortgage. 4900 annual for taxes, 408 per month. Insurance on the property is $280. Okay 2300+508+280=3088. Does not leave much for repairs does it? What happens if the landlord gets a bad tenant and gets tied up in court? Please help me with your own example.
This is a lot of rubbish. You should be ashamed of yourself. You should research more, outside of your circle . You are clearly not an authority on this subject.
I would like this one billion times if I could.
The Venn diagram of idiots who hate landlords and idiots who would be living with their parents without landlords, is just a circle. This is why, as the PRS shrinks, tenants are queuing for properties in larger numbers.
Right
💯
Great message
It’s not. Leftist idiots are simply blinded by ideology.
iea.org.uk/what-the-supply-side-deniers-at-the-guardian-get-wrong-about-britains-housing-crisis/
Free market...Adam Smith meant free FROM landlords not free FOR landlords.
Most mean "free market" as a lack of regulations which is exactly what we need.
@@vivalaleta Do you know who Adam Smith was?
@@totonow6955 The "invisible hand" is a joke.
@@totonow6955 I worded my first comment badly. I meant regulations are what we need.
40 years renting and no maintenance by landlords. Funny that.
Landlords do nothing? They pay the mortgage the taxes the insurance - they hope to get a rent check and do not get tied up in court while still being obliged to pay those expenses - take a lot of risk of liability. So how do you leverage that risk? You try to make some money off of properties. Yeah those that do not take care of their properties are scum...
Your argument for the value of landlords is that they use other people's money to pay their mortgage and keep the profit? Sounds more like an unproductive leech to me.
@@danielralston1157 Not everyone can qualify or wants to burdened with a mortgage. Henry David Thoreau once said a home is blessing but also a coffin, referring to its burdens. A renter can leave much easier and in some markets, holding a mortgage is a big liability. Landlords do provide a service to these situations. They leverage their credit. 2800 in rent for a duplex that cost $2200 a month mortgage then add taxes insurance repairs. Where is the profit? And then if a rent check is not paid and they get tied up in court? Think about it.
@@danielralston1157 If you wish to use your " posted" argument in good faith and consistent logic then you must assert " common ownership of the means of priduction" as must the against lanlordism author. Don't mean to lecture, but in a capitalist economy like uk, products and services are commodities, to be bought and sold for profit. This author pussyooits around Marxist arguments against private rent while not explicitly doing so
@@Transform108 Do taxes, insurance and repairs add up to more than rent?
Not a chance, therefore, profit. You're delusional if you think landlords don't do so for profit. They're leeches, not charities.
@@SergieRachmaninoff Of course there is incentive. Long term and some interim cash flow. The expenses do add up to quite a bit. A fair profit in exchange for the risk of credit is okay. Otherwise why bother?
Instead of emotional junk give me an example of expenses for a landlord.
Here is a familiar example. 415K paid for a 2 unit house.
Rent collected 1600 + 1600. The market rate for the area. 3200
So monthly payments with 10% down.
$2300 for mortgage. 4900 annual for taxes, 408 per month. Insurance on the property is $280.
Okay 2300+508+280=3088. Does not leave much for repairs does it? What happens if the landlord gets a bad tenant and gets tied up in court?
Please help me with your own example.
This is a lot of rubbish. You should be ashamed of yourself. You should research more, outside of your circle . You are clearly not an authority on this subject.