this post was submitted on 14 Nov 2023
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A Boring Dystopia
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You don't understand: I'm not even taking in a meager profit - let alone a fat one. I'm taking a loss.
If I have a tenant in the property, on average I'm taking a loss because on average, tenants cost me more than they bring in.
If I don't rent the property (assuming it was even legal) then I lose money in maintenance costs and taxes.
Your little quotes around "only" hint at what you think: that all landlords get filthy rich on the tenants' backs. Many politicians like to spread that idea. While there are some tenants and agencies who make obscene profits and should be reined in, the vast majority of landlords are small property owners like me who put their money into something to avoid losing it to inflation, and instead are losing it to bad tenants.
But by all means, keep thinking landlords are sitting on piles of money and profiteering from the poor tenants. It's so much more convenient to see the world in black and white.