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https://www.parlia.com/o/there-are-no-good-landlords

9 comments

For
This is not to say that all landlords are inherently evil people. Rather the decision to enter a system that consistently favors property rights over human rights is a questionable one at best, and this system means that the concept of landlords (in my opinion) cannot be argued as 'good'. Landlords have an inherently parasitic relationship with society. They provide no useful labor or skill, and provide nothing of value, instead choosing a method of absentee ownership to make money off working citizens who need shelter. It is argued that landlords take the risk of the having to upkeep the property and invest into its repair, and whilst this is somewhat true, the existence of deposits means that this risk is placed upon the tenant. Landlording is different from other investments, in that it is one that profits off a basic human need. It is not risking your money to buy stocks or develop a new product, it is risking your money to charge people for shelter when an estimated 8.4 million people in the UK are living in an 'unaffordable, insecure or unsuitable home. [1]' This was in 2019, no doubt the number has risen since the pandemic. When an eviction takes place, one party (the landlord) is losing out on payments for a second property, whilst the other (the tenant) is losing out on shelter required for survival. Often landlords have no other source of income other than rent, whereas the tenants will be working 9-5 to be able to afford paying that rent. What makes this whole system even more immoral to me is the idea that landlords will often have a mortgage on their second home, and are therefore charging their tenants to pay of a loan they willingly chose to take out. As I said before, I don't necessarily think landlords as people are bad people, I think the concept of landlords is a failure of capitalism, and of the government not doing enough to ensure its people have an acceptable standard of shelter. There are no good landlords, because the system of landlording is in my opinion, not a good thing. REFERENCING [1] https://www.bbc.co.uk/news/uk-49787913#:~:text=Housing%20crisis%20affects%20estimated%208.4%20million%20in%20England%20%2D%20research,-22%20September%202019&text=An%20estimated%208.4%20million%20people,to%20the%20National%20Housing%20Federation.&text=The%20government%20said%20housing%20was,430%2C000%20affordable%20homes%20since%202010.
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Turi5y ago
I am a landlord. I bought a small flat with the proceeds of the sale of my last company, and rent it to students. It has never crossed my mind there was anything even faintly questionable about it. Mind, belatedly, blown - for which thank you 🙏! Help me: why is there something structurally different about owning a property and taking rent payment vs buying bonds or stocks and taking dividends?
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Hope this didn't come off as an attack then! I think for me the difference (and I have to admit a very limited understanding of stocks and bonds) is not necessarily between their structure but what they imply. Holding onto Apple shares to then sell them on for profit does not have the same implications for someone's livelihood that owning a property and charging someone for shelter does. I do think there are plenty of good people who are landlords, I just feel the system has reached such a point of inequality that I cannot personally see the existence of landlords as a positive thing, particularly lately when so many are without income and losing their homes.
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Turi5y ago
Not taken as an attack at all! But building *much* more social housing (which we're decades behind on in the UK) and providing rental options for those who don't want to own, or can't yet afford to own what they want, aren't incompatible.
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Nsoper194y ago
Have you ever owned a home or any property for that matter? If it had no ongoing maintenance costs then that is extremely unusual. The utility the Landlord provides to the economy is bearing the responsibility for the maintenance of the property and the risk of damage or loss. The tenant is effectively paying to not have to worry about any of that. They don't need to sort out the boiler certificate, the buildings insurance, the service charges etc. etc. The tenant is paying for the convenience of not having the hassle of these things. If you actually work out the effective hourly rate of being a landlord then you'll find in many cases it's actually less than minimum wage. At least it is for many people. Obviously it's an investment which compounds over time and then becomes lucrative but that carries a big risk, again this is what the tenant is paying to avoid - risk.
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Against
SFRALEY335y ago
If you believe that the concept of landlords is not beneficial to society. Then what do you suggest they do? I have personally had good and (very) bad landlords. Landlords are protecting their assets or their clients' assets. I believe rather than blaming landlords we need to fix the system and make it more people-orientated rather than asset-orientated. The landlords are not the problem, they are just taking advantage of a system that puts them first. I think in certain situations most people would do the same.
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For
Kez5y ago
It's important to note that "there are no good landlords" is not the same proposition as "no otherwise-good people are landlords"; arguably, "there are no good landlords" is even compatible with a stronger contention like "many landlords are good people." What it means is that no-one is good qua landlord; no landlord is good *in their capacity as a landlord.*
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Turi5y ago
How would you phrase the statement? I feel the argument driving it is that nobody should profit from charging people for shelter. And also maybe by extension that nobody should profit from sweating assets rather than building value?
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Against
As long as there is a demand for rented accommodation, landlords provide a useful function. No landlords means no renting. I think there are perhaps 3 conditions for being a good landlord: A good landlord is a legitimately-wealthy person who increases the supply of accommodation (e.g. by buying up a semi-derelict building and converting it into one or more habitable dwellings for rent Or by renting out part of a building that would otherwise remain vacant, such as an unused flat above a shop). A good landlord asks reasonable contract terms and abides by the agreed terms of the contract. (E.g. keeps the property in good repair). A good landlord makes only a modest profit on his time, effort and capital employed. (Of course these conditions apply equally to the state as a potential landlord. Principles apply to everyone). If you agree with me that any of these expresses a real moral difference between good and bad landlords then good landlords can in principle exist.
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