Yes, I am explaining how landlords are a problematic aspect of the system, I believe you were busy implying that they’re not, would you like to get back to it?
You do realize that whether you rent or own does not change the total number of houses that are occupied, right?
Right
It doesn’t change the supply?
Right
If there weren’t landlords there wouldn’t magically be more houses?
Right
The total number of houses bought and sold wouldn’t change?
Right
Demand wouldn’t change.
Right
Renting versus buying is zero sum in terms of supply.
Right
The cost of houses goes up with inflation and the cost of materials and labour.
Right; but this is the part you’re having trouble with. The cost of houses also increase because people and corporations buy more than they need and offer their now private excess to others at an inflated rate. If they didn’t hoard more than they use and scalp their excess for profit, the cost of houses would be less and more affordable to everybody. It’s literally no different than scalping concert tickets.
The issue isn’t about a landlord selling anything; it’s about the broken system that allows landlords to exist and create the problem we have now.
To summarize: in a system where landlords can’t exist, and our current housing supply does exist, all housing would be more affordable to everybody. If 10 houses are built and you can only buy 1 because you can only live in 1, that leaves 9 houses available for others to buy. Our current system allows you to buy all 10 even though you can only live in 1 and rent your excessive 9 for profit. That’s a problem.
Ok, but if the landlord sells the house to the person that is renting it does the supply change?
Uhhh, yeah. There’s one fewer house to buy, which drives the price of purchasing a house higher. Are you not familiar with the basics of supply and demand?
Congratulations on reading comprehension! We are discussing the current housing system and its flaws! Good job!
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Yes, I am explaining how landlords are a problematic aspect of the system, I believe you were busy implying that they’re not, would you like to get back to it?
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If there were no landlords, there wouldn’t be a supply problem.
Because landlords own the supply and increase the costs of housing everywhere.
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Right
Right
Right
Right
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Right; but this is the part you’re having trouble with. The cost of houses also increase because people and corporations buy more than they need and offer their now private excess to others at an inflated rate. If they didn’t hoard more than they use and scalp their excess for profit, the cost of houses would be less and more affordable to everybody. It’s literally no different than scalping concert tickets.
deleted by creator
The issue isn’t about a landlord selling anything; it’s about the broken system that allows landlords to exist and create the problem we have now.
To summarize: in a system where landlords can’t exist, and our current housing supply does exist, all housing would be more affordable to everybody. If 10 houses are built and you can only buy 1 because you can only live in 1, that leaves 9 houses available for others to buy. Our current system allows you to buy all 10 even though you can only live in 1 and rent your excessive 9 for profit. That’s a problem.
Uhhh, yeah. There’s one fewer house to buy, which drives the price of purchasing a house higher. Are you not familiar with the basics of supply and demand?