So what kind of economics do you follow? Chicago school?
Stay kiked
So what kind of economics do you follow? Chicago school?
Stay kiked
Cope.
The "job" is just taking loans to buy property that other people can no longer afford because the price of the loan has been raised by the people who took out the loan solely to pay the bank back with the money that the other person now has to pay.
It's not a real job, it's telling the bank "look, you could mortgage the house to this guy for X price, or you could mortgage the house to me for X+N price, and I make the tenant pay for it so it's a win win for both of us".
Granted, however, that there's a different case to be made when the houses aren't bought-to-let, are bought without loans, are bought to be genuinely refurbished, or are inherited. The mortgage + buy to let thing paints all landlords with the same brush, even if they're not truly parasitical.
And it's a completely different situation for commercial property, where it makes sense that the majority of businesses don't necessarily need to own the property they're on, but pay for the property as long as they need to/can afford to use it. And some of that applies to residential property - not everyone is going to be interested in settling down permanently in one residence, so it makes sense they pay someone for temporary residence.