(1/7) WHY LANDLORDS ARE COMPLETELY UNNCESSARY TO THE ECONOMY AND DO FAR MORE HARM THAN GOOD TO SOCIETY, A THREAD:

(2/7) Landlords charge rent in order to turn a profit on owning a building; all of their expenses from the building are paid for by the income they receive from their tenants’ rent payments and any excess is pocketed by the landlord as profit (along with equity and tax credits).

(3/7) Therefore, because landlords don't operate at a loss, the tenants are already paying for everything necessary to provide themselves with a home (utilities, maintenance, mortgage) and the landlord is just a middleman between renters and the bank which financed the property.

(4/7) Indeed, the only reason the landlord is the landlord is because they had the credit score and the financial capital to purchase the building and then hold the units for rent.

(5/7) It would be far more efficient if renters did not have to go through the landlord at all and kept the landlord’s cut for themselves, money that would likely flow immediately into the economy as disposable income.

(6/7) Better still, giving tenants even just a small share of property equity would help alleviate the egregious wealth disparity in the United States.

(7/7) "But what will we do for housing without landlords?"

Easy, sell apartments as individual condominiums, have buildings be collectively owned by tenant-run housing cooperatives, or have rental units managed by public, non-profit corporations owned by municipal governments.

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