My landlord uses my rent to pay the mortgage on the house I'm in and subsidize her $4000/month 1br in LA. So I can see how this would happen when the "supplemental income" from your rental no longer covers their rent. Also I'm on the east coast.
This isn't an uncommon arrangement either and I'm convinced the next big housing crisis will be the collapse of this system of renting as supplemental income.
My landlord uses my rent to pay the mortgage on the house I'm in and subsidize her $4000/month 1br in LA. So I can see how this would happen when the "supplemental income" from your rental no longer covers their rent. Also I'm on the east coast.
This isn't an uncommon arrangement either and I'm convinced the next big housing crisis will be the collapse of this system of renting as supplemental income.
Sounds almost like a rental pyramid scheme
Aka, capitalism
One of my more fully radicalizing moments was realizing that the primary difference between capitalism and a pyramid scheme is that one has more guns.