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In my opinion, the work and the liability are both part of the job. If something goes terribly wrong in this place, I am not on the hook for it. I can call them at any time to report a problem, and they are now going to be the ones to have to fix it—not me.
That is a benefit I get from renting that I wouldn’t have if I owned the place. Even cooperatives, which I have lived in several times before and that eliminate the existence of a traditional landlord, are not without the need to collect additional funds to offset the liability of major repairs in the future.
It seems like the primary difference with a landlord is that a salary gets calculated into that, and people often perceive that salary as too high.
Compensation regulation seems more reasonable than cursing all landlords, in my opinion. I think there is a realistic use for people who want to be a steward of homes for other people who aren’t ready for the responsibility of ownership.
I remember this from tripping on acid in Central Park in the snow.