this post was submitted on 03 Feb 2026
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A Boring Dystopia
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Rent isn't theft. It's payment for a service. Whether or not that service is of value to you is a different story, but not everyone is interested in owning.
There are benefits to renting. You don't have to be financially responsible for repairs, you don't have to do maintenance or pay someone to do it for you, you have much less financial risk, and you can relocate much easier.
And not all landlords are rich people. I do agree that corporate ownership of residential property shouldn't be allowed, though.
What service does the land speculator provide to the tenant? The landlord doesn't develop the property, that's the builder. The landlord doesn't maintain the property, that's done by contractors. The landlord doesn't secure the property, that's done by the state. The landlord often doesn't even finance the property, as the property is inevitably mortgaged and underwritten by banks one step removed from the title holder.
Quite literally, the only thing landlords do is collect the check and transfer portions of it onward. They are, at best, payment processors. And even this job is routinely outsourced to a third party.
There are lower institutional barriers to renting than to owning, largely resulting from the artificial shortage of public land and public housing. Rents are the consequence of real estate monopolization and public malinvestment. Once the landlords themselves vanish, the "benefits" of renting vanish with them.
There's an old joke Donald Trump likes to tell, back in the 90s when he was underwater on his personal holdings. He's driving through Lower Manhattan in a limo with his daughter and he points out the window to a homeless man. Then he quips, "I'm $800M poorer than that man". To which his daughter replies, "If that's true why are we in a limo while he's out on the street?"
You're intentionally leaving out that the landlord maintains the property and appliances. That's no small thing.
There are absolutely bad landlords who will do as little as their tenants will allow them to, for sure. Landlords aren't like cops though, the continuing existence of bad landlords is not enabled by good ones like how "good cops" do.
You can own a property and pay landscapers and handyman for less than the cost of renting. Hell, I've had landlords pay property managers to handle even that.