The landlord isn’t risking their house and livelyhood. They risk not leeching your paycheck. That’s not a real risk. Poor people risk both when they start a business, or do anything. That is risk.
Most landlords are leveraged. The house they rent out is collateral against the loan they used to buy the building, which they also had to put up cash deposit, If there’s suddenly a big expense ( new roof needs, etc), or a tenant just doesn’t pay rent, they still have to make payments on their load. If they can’t afford to, the bank can foreclose on the house and take ownership of the house - the landlord loses everything including their initial cash deposit. If they also live in the property, they literally are risking their home too. Being a landlord is a business and like any there are risks. A super rich landlord, or mega corporation that buys properties and rents out has less risk as they can handle short term losses for potential longer term gain.
The landlord isn’t risking their house and livelyhood. They risk not leeching your paycheck. That’s not a real risk. Poor people risk both when they start a business, or do anything. That is risk.
Most landlords are leveraged. The house they rent out is collateral against the loan they used to buy the building, which they also had to put up cash deposit, If there’s suddenly a big expense ( new roof needs, etc), or a tenant just doesn’t pay rent, they still have to make payments on their load. If they can’t afford to, the bank can foreclose on the house and take ownership of the house - the landlord loses everything including their initial cash deposit. If they also live in the property, they literally are risking their home too. Being a landlord is a business and like any there are risks. A super rich landlord, or mega corporation that buys properties and rents out has less risk as they can handle short term losses for potential longer term gain.