A few months back I wrote a piece for BiggerPockets I had originally titled "In Defense of Landlords," but the name got changed in editing. It went through all the proposed and enacted legislation that hindered property owners and showed why it was counterproductive as well as what landlords and property owners do for society.
This time, in my latest article for The Mises Institute, I actually got the title "In Defense of Landlords" and took an economic approach to some of the idiocy spreading around, particularly on the Marxist Left. First off, I note that many greatly overinflate how much landlords (and real estate developers) actually make,
According to CBRE, in 2019 the cap rate for infill multifamily properties was 5.11 and 5.37 for suburban multifamilies. A cap rate is the percent return that a property would make with no debt, so a 5.11 percent and 5.37 percent return, respectively. Although that beats inflation, it’s nothing to write home about.
Then I discuss the three things landlords offer society:
"Every day is a new life to the wise man."
The Righteous Mind
Star Slate Codex
Consulting by RPM