Honestly, I’m under the impression that building a building requires scarce resources and labor, which have opportunity costs reflected in market prices, and maintaining a building likewise requires ongoing expenditures. I would agree that, when someone becomes a landlord, the goal is generally to earn a return on the capital they risk, while facing uncertainties such as tenants not paying rent, changes in government policy, and other market risks. Whether any particular landlord is a good or bad person is something I can’t really speak to.
a building is an asset, not a liability, it always increases in value, and even if it is burned to the ground on a higher than average rate, the land it’s on remains incredibly valuable and an asset. the people living there are losing money. the people who own it are gaining money WITHOUT TENANTS. the equity goes up. period. that’s why people go into debt to own the land. because it’s an asset.
Honestly, I’m under the impression that building a building requires scarce resources and labor, which have opportunity costs reflected in market prices, and maintaining a building likewise requires ongoing expenditures. I would agree that, when someone becomes a landlord, the goal is generally to earn a return on the capital they risk, while facing uncertainties such as tenants not paying rent, changes in government policy, and other market risks. Whether any particular landlord is a good or bad person is something I can’t really speak to.
a building is an asset, not a liability, it always increases in value, and even if it is burned to the ground on a higher than average rate, the land it’s on remains incredibly valuable and an asset. the people living there are losing money. the people who own it are gaining money WITHOUT TENANTS. the equity goes up. period. that’s why people go into debt to own the land. because it’s an asset.