this post was submitted on 11 Jul 2023
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Landlords have their place. However, it's filling the niche between hotels and home ownership. Maybe 20% of housing, at most.
The current crop of value syphons are not a good thing. Unfortunately they are a symptom, not a cause. If housing supply was high enough, then the margins for landlord would shrink enough to get rid of a lot of them.
the cause is that under capitalism housing is treated like a commodity and not the basic human need it is