Fox cable hosts are doing the job of the chair of the White House Council of Economic Advisers, Jared Bernstein, by admitting that the economy under President Biden is strong. Bernstein joins MSNBC’s Ali Velshi to discuss the latest “expectation-busting” jobs report.
It’s not a loss though. They’re buying a property, they get to keep the property at the end of it - and further the property will almost certainly increase in value.
Why should the tenant pay more than it costs to own a property, if they don’t get to own anything?
If a landlord doesn’t like the opportunity because it isn’t profitable enough, they could always sell the property - creating more opportunity for renters to buy their own homes. Right now, with no rent control, the system is pure exploitation.