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this post was submitted on 15 Sep 2023
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the only way to bend system towards social democracy - progressive taxation is needed on high incomes. Calls to "let landlords die" etc. are unproductive and divisive. Mom-and-pop landlords owning some older family properties, maintaining them and renting them should not be penalized by market or anyone else, as long as rental market is regulated, fiscal policy does not allow for spectacular crashes because of risky investments etc. It's not a simple problem. Housing is not a privilege - it's a right and it has to be supported by laws and policies. This approach leaves plenty of room for landlords and removes pressure from tenants as their ability to make rent should be guaranteed. Givernment should be taking human rights nore seriously.
Yeah, no, “mom and pop landlords” can cash in by selling their secondary properties and giving others a chance to build equity. It’s not fair to get someone else to pay your mortgage, whether or not it’s an older property, inheritance, etc. Housing should never be an investment.