Quote:
Originally Posted by Sephiroth
It is indeed tempting to regard landlords as sitting back, taking people's money whilst those paying do all the hard work to keep up the payments. But the landlords have had to build and pay for the offices; atheir tenants usually have to borrow to fund development of their business - possibly from the same source as the landlords use. It is simply wrong to call the landlords parasites.
But, to give you some headroom, how would you replace these 'parasites' so that factories, offices homes and shops/warehouses can be provided for the entrepreneurs, the people who work for them and the supplies they'll need?
It's a pity that you come up with this crap - it really dents your credibility.
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Who built anything before private equity and heavily indebted investment firms began heavily leveraging debt against existing assets to fund further build?
You're missing my point. There will alway be someone building. The costs of doing so would be much lower without these parasites in the market. Lower costs, lower rents, more investment in actual creative parts of the economy rather than rents simply being extracted probably offshore and never to be seen again.