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Landlords are parasites
(lemmy.world)
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this post was submitted on 30 Oct 2024
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I'm not defending landlords here — just pointing out that housing is expensive right now regardless of who owns it. Construction costs are through the roof (no pun intended) even before factoring in a profit margin for the builder and/or the landlord. If I had to rebuild my house today it would cost at least 3x what I paid for it 15 years ago, and my income hasn't tripled since then.
The things is, its expensive because of landlords and shit like airbnd. They have shrunk the market which increases the value of whats left in the market. Landlords are the reason why housing is unaffordable. Which puts you at their doorstep to rent from them.
Landlords are definitely not the reason that new construction is so much more expensive. They want the lowest possible construction cost, not the highest.
Heres the thing. Landlords buy up housing, this shrinks the market, this increases housing prices, this creates a demand for new homes, this increases demand for supplies and the price of labor for construction.
Landlords obviously don't want higher construction costs, but they do want more properties. Higher construction cost is a consequence of that, not the goal.