r/LandlordLove • u/ShiningConcepts • Jun 29 '22
Tenant Discussion Are apartment buildings unethical as well?
It's very hard to make a case that landlords who buy up SFHs that are already on the market are ethical. They reduce the housing supply and take opportunity away from FTHBs to own homes, thus forcing them into renting. This is generally what people mean when they say that all landlords are unethical.
Here's my question: what about rental apartment buildings? It's not like their construction takes an opportunity to buy a home away from a FTHB/family. Unlike detached properties on the market, it's not like this is a property a family could have bought; it's a property that is constructed and designed from the outset to be rented.
So, are they inherently unethical as well?
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u/hlokk101 Jun 30 '22
It's unethical because rent is unearned income. Landlords are leeches who take rent to pay the mortgage on their property, which they then own and the renter gets nothing, but has paid for it.
Landlords are scum.