this post was submitted on 23 Aug 2023
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Pretty much. I will say, although it’s extremely rare to find, but does exist (I know a landlord like this): some landlords get into landlording to try to make places affordable for others, meaning they barely take a cut for themselves. These are not the people you see raising rent at every opportunity. I’m also not refering to any landlord who decides to take “section 8” housing, as some of them are also predatory. To that end, her struggle is the same struggle as her renters, trying to make ends meet, herself. She owns her own “place” but her “place” is on wheels, making her technically a homeless landlord. I doubt that she is the only landlord like this in the US but as a long-time renter, I’m well aware she’s in the minority of landlords. Most landlords do so to earn a profit, the worst offenders being for-profit corporations who own many properties. Some landlords do try to help others, and I really wish there were more like them. I think the majority of landlords simply try to “price what the market will bear” which is usually “increase rent as much as we can by law” with the excuse that “we, the landlords take on all the risk so we need all the profit”.
I would love to see more “worker co-op” style landlording, although I don’t know how that would work techncially.
Meaning if they just sold the place to the people renting it out would be even more affordable?