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You've left out a few things the landlord does and the risks they assume (at least here in the USA, I'm not sure about Paris):

   - mortgage costs
   - property taxes
   - insurance
   - utilities
   - repairs
   - maintenance
   - savings for large future capital outlays (new roof, furnace, etc)
   - renters not paying
   - empty rental units
   - loss of investment opportunities of the capital locked up in the building
   - possible loss of all income due to fire, etc
   - 34 other things I'll leave out
It may look like landlords have it easy but as a former commercial landlord I can tell you it is not easy at all.


Landlords (in the USA at least) are wildly subsidizing renters, because they're so hungry for the appreciation benefits.

You can test this anywhere the rental prices are below about 1% of the purchase price.




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