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Cake day: June 19th, 2023

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  • The issue is the profitable part. The landlord purchases and rents a property because it’s profitable. So presumably, with enough starting capital, the tenants could be living there, with their own mortgage, for less. In addition, their mortgage payment would be going towards equity rather than funneling to a landlord. The distaste for landlords exists because for many rental situations, it is literally someone with money, leveraging their money against someone with less money. People don’t have the option to not live anywhere, so they are forced into extractive contracts.