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Rent Money Isn't Wasted — It Buys Protection from Big Risk
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Rent Money Isn't Wasted — It Buys Protection from Big Risk
Landlords are amazing. That’s perhaps a perverse, controversial statement in these Mamdani-ish times, where “free” socialist housing is all the rage. In popular imagination, landlords are rent-seeking middlemen, extracting value from shelter they did not “create,” skimming from tenants who have no alternative, riding the fiat money printer and dysfunctional zoning regulations all the way to the bank (read: overvalued housing market). It is a t…
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