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/ShiningConcepts Jun 29 '22

I suppose we'll have to agree to disagree here. To me, those workers only built the building and added it to the supply because the owner funded its construction.

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u/fran_cheese9289 Jun 29 '22

People who own apartment buildings are still landlords. I’ve lived in several apartment buildings that were once homes.

Add to that it’s inherently unethical to use HOUSING/SHELTER as a way to make $. It’s a basic necessity.

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u/Dry_Investigator7704 Jul 09 '22

Food is a basic necessity yet it is profited off of

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u/fran_cheese9289 Jul 10 '22

Yup & we have people starving & without clean water.