I fully get the issues with landlords in terms of coasting off of other people's labor and in general being parasitic. My question is, the resistance I get when I say that someone shouldn't profit off of another person's need for housing is that they bring up grocery stores/ restaurants profiting off of a person's need for food. And I don't really know how to address or answer that. Just wondering if someone can close the loop for me!

  • Elon_Musk [none/use name]
    ·
    3 years ago

    The price of a house is tied to the literal maximum amount of rent which could be extracted from someone.

    Anecdotally you're right, but do you have anything to back this up.

    if renters can pay enough per month so that the landlord can pay their mortgage AND take profit, why can’t they afford to buy a house?

    Ask the renter why they don't buy a comparable house.

    • furryanarchy [comrade/them,they/them]
      ·
      3 years ago

      Because the banks won't approve it. Having enough money to buy a house isn't enough, you have to have enough money to buy almost two houses to be approved to buy one.

      • Elon_Musk [none/use name]
        ·
        3 years ago

        Having enough money income to buy a house pay a mortgage isn’t enough, you have to have enough money income to buy almost two houses pay mortgage, taxes, insurance, utilities and general cost of living expenses to be approved