Unfortunately the local mom and pop landlords get wrecked by this while only the big corporate landlords have the resources and scale to weather these situations.
Unfortunately the local mom and pop landlords get wrecked by this while only the big corporate landlords have the resources and scale to weather these situations.
If, say, 5% of the population is crazy, and make for bad tenants.. then owning 10-20+ units puts you in a position of always having 90%+ of your revenue coming in.
If you have 1 unit then most of the time you are OK, but every once in a while you may lose 100% of your revenue for 3-12 months, while you have to keep spending on mortgage/tax/utilities, plus lawyers, repairs, etc.
People don't fall for drugs on their own - the utter, utter majority fall for drugs to self-medicate for whatever crisis they're facing. Be it perspectivelessness, losing a family member or one's job - across the Western world, governments have completely given up supporting people who hit a rough patch in life, and now it's a situation that is very, very hard to resolve.
You're right but we are so far from this now I can't imagine it being possible until one or two full generations of people die out and we start teaching empathy