Memes of Production

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Landlords Don't Provide Housing (quokk.au)

submitted 1 day ago by Quokka@quokk.au to c/mop@quokk.au

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[–] boonhet@sopuli.xyz 1 points 16 hours ago

To be fair that also means everyone has to pay for it via taxes, rather than private companies taking on the risk.

Where I come from, most landlords don't actually make a huge profit on the rents, it's just a way to pay for the property, the true income lies in the appreciation of said property. Most also only have 1-2 apartments they rent out. And if the market goes to shit, the developers can lose money on new builds.