(04-08-2021, 04:01 PM)StroudCrowd1 Wrote:

(04-08-2021, 03:00 PM)mikesez Wrote: I didn't make this up.

What people like you don't understand is that landlords have to cover property taxes, insurance. maintenance, HOA (if applicable), and save for large expenditures (roof, HVAC, appliances, etc) while still trying to maintain a profit. Yes, real estate investors don't do this for fun. There needs to be a profit.

The rent reflects the cost of all these things. It's all relative.

You're halfway to understanding the argument.
I'm not villifying landlords, neither is the author I linked to.
The main cost that landlords deal with is the mortgage, which is a function of the property value.
The insurance costs are a function of the property value.
The property taxes are a function of the property value.
It's the property values that are too high, because the supply is kept artificially low.  Supply and demand.
In this case, it creates excessive homelessness and inhibits the formation of new households.

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