It’s kinda difficult to hear about how someone owning multiple houses and renting them out is not a wealthy landlord. That’s the definition of a wealthy landlord. Sure, there are wealthier landlords out there. I’m sure the Wisconsin tenant paying their California landlord’a mortgage takes a lot of comfort in the fact that their landlord isn’t the richest one out there.
I think there are some good things landlords bring to the table, like increased capital investments and stability of ownership for short duration stays. But I feel one would have to live under a rock to not recognize the fundamentally extractive nature of landlordism under our current conditions. Perhaps with something like a land value tax, some degree of market functioning could be restored. However, in the mean time with asset prices increasingly out of reach to everyday Americans, expect lots of hate for landlords as the American dream continues to evaporate.
I think there are some good things landlords bring to the table, like increased capital investments and stability of ownership for short duration stays. But I feel one would have to live under a rock to not recognize the fundamentally extractive nature of landlordism under our current conditions. Perhaps with something like a land value tax, some degree of market functioning could be restored. However, in the mean time with asset prices increasingly out of reach to everyday Americans, expect lots of hate for landlords as the American dream continues to evaporate.