Found the internet!So is Adam smith right? Landlords that don’t labour are parasites?
So is Adam smith right? Landlords that don’t labour are parasites?
So is Adam Smith right? Landlords that don’t labor are parasites?
Builders get paid to build the property, the super and others get paid to maintain it. A manager get paid to do all the paperwork and legal stuff.
The landlord just collects a paycheck gotten from wealth extraction of the work done by tenants.
It makes me wonder if tenants were given 2 options:
pay rent every month and landlord handles everything for you regarding maintenance and legal stuff for the land
don’t pay rent and pay out of pocket whenever something comes up
It seems to me like number 2 would be the easily preferable choice, cause usually there’s not much to maintain, and if there’s ever something expensive then the building tenants can pool money together to pay for it.
There’s no way it’d more than all the combined months of rent that have to be paid endlessly.
the older i get the more i enjoy having the landlord take care of broken appliances. We had our AC break mid summer with 100 degree heat. They fixed it that day. It would have taken me at least 3 days. It's like having a personal property manager at your fingertips. I spend more time wasting my time on things like video games instead of fixing broken shit :)
Landlords have to work for the money they use as a down payment unless it is given to them. They’re accepting all the liability if the house burns down, gets flooded, etc. They still have to coordinate all of the other workers involved whether that be accounting or roof repairs.
I currently rent an apartment and love how I’m treated. Something breaks, I tell them, gets fixed in a timely manner. I don’t have to set aside funds and deal with repairs, and I like that.
Do you feel you’re paying less money per year now versus if you handled it yourself or split costs with the other tenants?
A part of being a landlord is parasitic, land value taxes would fix that.
It seems to me like number 2 would be the easily preferable choice
The problem is #2 isn't a real choice, the house is not free.
The actual choice #2 is to pay for the house, either upfront or via a mortgage, and pay for and deal with everything else yourself.
Honestly, I think renting single family homes is mostly bullshit and would mostly go away if people were allowed to build more and more dense homes.
But it is those more dense homes were a land lord is not a parasite but serving an important role.
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