Mmm, headline mentions ‘impact on renters’ though - so we’re already talking about people who not only own a house, they own a house that is not their residence and earns money for them
It kinda sorta does, but even the article body flip flops between “homeowner” and “owner of $3.2mil property” and likewise between “landlord” and “airbnb magnate”. The headline implies that landowners don’t understand the plight of the renter, and asserts that the landowner isn’t middle class anymore.
While there are good points in there, the headline misses the point that the “wealthy” don’t need to work, and can be independently wealthy purely through extracting rent from use of what they own.
Most property-rich householders aren’t there; their equity isn’t enough to sustain them.
There’s no denying the gap between renters and landholders. Renters are way worse off. But those renting out a carriage house or basement suite to be able to make the mortgage payments aren’t in the same class as the likes of Dorset Realty and those who own them.
Mmm, headline mentions ‘impact on renters’ though - so we’re already talking about people who not only own a house, they own a house that is not their residence and earns money for them
It kinda sorta does, but even the article body flip flops between “homeowner” and “owner of $3.2mil property” and likewise between “landlord” and “airbnb magnate”. The headline implies that landowners don’t understand the plight of the renter, and asserts that the landowner isn’t middle class anymore.
While there are good points in there, the headline misses the point that the “wealthy” don’t need to work, and can be independently wealthy purely through extracting rent from use of what they own.
Most property-rich householders aren’t there; their equity isn’t enough to sustain them.
There’s no denying the gap between renters and landholders. Renters are way worse off. But those renting out a carriage house or basement suite to be able to make the mortgage payments aren’t in the same class as the likes of Dorset Realty and those who own them.