What are they expecting for a long term family investment?
OG family members die then children who see $800 a month and the expense of keeping things fixed change it to $2400?
Is it reasonable based on market or reasonable based on what people can earn in the local area?
Are they abiding by landlord tenant laws?
Are they under the tabling things?
Lastly how much impact are they having on the larger market?
This is a nuanced issue. We shape policy on the abusers in the market, then we curb financialization and big businesses out of the market, and lastly we strongly protect the people who could be homeless. Lastly if this family survives all the policy, lowering of future returns on investment, and being a law abiding reasonable landlord. Then they are cool.
Being a business leader/owner shouldn’t automatically put you above others so you can abuse others it should be a job in which you provide a service that can be competed against and shouldn’t lead to suffering. If the job you do leads to suffering of others at the profit of your self then it needs to be a subsidized or at service provided by the government or going back to pre 1970s a non for profit business. Although I don’t trust those right now because of our oligarchs abuse of systems.
AnotherUsername@lemmy.ml 2 days ago
I’m trying to point out that “landlords are evil” is a stupid stance because how and why you do things matters. Everything counts in large amounts, and I have had good landlords before. Tenants who have never done their own property maintenance rarely understand what goes into property maintenance.
FunkyStuff@lemmy.ml 2 days ago
The personal demeanor or intention of a landlord doesn’t change the nature of the arrangement. The nature of the arrangement is one where the landlord makes money that they’re not working for, and the tenant must give up money that they did work for in exchange.
If a landlord makes a profit from owning a property after all is said and done, the amount of property maintenance is irrelevant. No landlords would exist at all if there wasn’t profit to be made from charging rent, they aren’t gonna do it for charity.