Quote:
Originally Posted by Nehkara
Lost money? I have a hard time believing that. Maybe they only just broke even, but I doubt they lost money.
Now they are probably mostly making a fortune off of people who now struggle to get by.
It's not right, sorry. Needs to be fixed.
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Remember when we talk landlords we are talking about more than just faceless companies. I know a few people personally that carried a few rental properties for a number of years at a negative cashflow. Now of course when you factor in the return on the increasd property value they did alright, but in terms of money in/money out - they were definately losing for a number of years.
Regardless
Why isn't it right? Isn't this how our free market world works? Do companies/people not have a right to maximize their profits?
Some of these companies are publicaly traded - do these companies not have a responsibility to maximize returns for their shareholders?