A thought on landlords: Why should a landlord expect that rents will cover the entire cost of their investment? Basically, the renters then pay the note and the cost of maintaining a property that they have no interest in and the owner reaps all the "wealth" created as the property appreciates in value both due to the market/land value and the mortgage gradually being paid off.
IMO, landlords don't really have cause to complain that the rents aren't covering their costs. They have acquired an investment and as they say: "It takes money to make money", right? They get the cooperation of tenants to pay down the debt they owe on THEIR investment and then reap the benefits of it through income tax write offs, equity, and long term security. The tenants MAYBE get a property tax rebate each year for dumping their money into their landlord's pocket. Oh, they also get a place to live, of course. Enough is enough with these property owners (no direct offense intended to parties on THIS list). Bob Velez Shingle Creek Ward 4 Quoting Victoria Heller <[EMAIL PROTECTED]>: > The larger the mortgage on a building, the higher the rent. > > Some property owners have no mortgage payments at all, so they can charge > lower rents. These are the "good" landlords. taxes (we know these are going up) _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
