this post was submitted on 22 Sep 2023
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And because of that, you made less money. A bastard landlord would make more money and be able to invest that money into buying more properties. Those properties would bring even more money, allowing them to buy even more property and so forth. This dynamic is why the vast majority of landlords (and capitalists in general) are bastards.
Capitalism is a system where the selfish and greedy will always triumph over the selfless and charitable. It is designed from the ground up to incentivize selfish behavior.
I was OK making less money. The place was paid for, no mortgage. The only reason I sold was because of our horrible medical system.
You're assuming the market has other options for those tenants and that moving for a tenant is a viable option. Many many people live paycheck to paycheck for rent let alone saving up for down payments and moving costs