That’s usually not the case though. These landlords are usually just some anonymous investor, probably living in Dubai or some shit. The small-time landlords are more an exception and usually not the big problem.
I was thinking about why a small landlord might be better, and I know there are exceptions, but usually a small landlord is is not going to squeeze every penny out of their rentals, sometimes out of the goodness of their heart, but most importantly, a small landlord has other ways to be productive.
A small landlord who has a normal job, if they want to improve the world, they do it through their job or personal projects, they build something or create something or whatever.
A big landlord who does nothing else, they aren’t actually creating anything, they’re just rent seeking and the most creative way they can imagine to improve the world is to rent seek even harder.
Our economic system gives greater rewards to those who move money around than to those who create things or cure cancer or anything else. The ways of turning a lot of money into even more money are taxed less (usually not at all) than more common ways of earning money like working a job or creating physical goods. The richest people didn’t get rich by creating something that improves everyone’s lives, they got rich by moving money around.
Small landlords, through ignorance or in a belief that they’re too small a fish for government to go after, are often the worst with breaking laws and exploiting tenants.
Honest mistake, but you’re probably thinking of a superintendent. They are usually an employee of the landlord, and do things like collect the landlord’s rents and sometimes fix appliances, etc.
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That’s usually not the case though. These landlords are usually just some anonymous investor, probably living in Dubai or some shit. The small-time landlords are more an exception and usually not the big problem.
I was thinking about why a small landlord might be better, and I know there are exceptions, but usually a small landlord is is not going to squeeze every penny out of their rentals, sometimes out of the goodness of their heart, but most importantly, a small landlord has other ways to be productive.
A small landlord who has a normal job, if they want to improve the world, they do it through their job or personal projects, they build something or create something or whatever.
A big landlord who does nothing else, they aren’t actually creating anything, they’re just rent seeking and the most creative way they can imagine to improve the world is to rent seek even harder.
Our economic system gives greater rewards to those who move money around than to those who create things or cure cancer or anything else. The ways of turning a lot of money into even more money are taxed less (usually not at all) than more common ways of earning money like working a job or creating physical goods. The richest people didn’t get rich by creating something that improves everyone’s lives, they got rich by moving money around.
Small landlords, through ignorance or in a belief that they’re too small a fish for government to go after, are often the worst with breaking laws and exploiting tenants.
Honest mistake, but you’re probably thinking of a superintendent. They are usually an employee of the landlord, and do things like collect the landlord’s rents and sometimes fix appliances, etc.