General Discussion
In reply to the discussion: Why not outlaw landlordism? [View all]NCTraveler
(30,481 posts)You say they will just by apartments. They already can in concept. They just call them condos. Also, many tenants are tenants for a reason. They aren't in a place to build equity off the place they live. They buy an apartment(under your thoughts they would simply be reclassified as condos), the ac breaks down and is a $2300 repair. Do you think all of the renters have that laying around. Current apartments allow them to pool the costs to fix those things. Pooling in this aspect is not a bad thing. In your scenario, they would be responsible for ac, property taxes, plumbing, etc.. Pooling recourses is a good thing. Not a bad thing. It helps to make apartments more affordable. Your approach leaves out almost all thought of costs associated with property ownership.
Tenant landlord relationship is not a bad thing overall.