Are Landlords Good for the Economy?

Are Landlords Good for the Economy?

Landlords own real estate for the sole reason to rent out said real estate to make a profit off the renter. By simply owning this asset, landlords make a profit from the renters who pay from the privilege of having a roof over their heads, and not being homeless. Landlords simply find a property manager who manages the real estate and renters. This means they can simply sit back and watch the cash flow in, without having to lift a finger.

What is Economics in Simple Words? What is Economics?

What is the Definition of Economics?

We can describe economics in one word. That word is scarcity. Scarcity and economics go hand in hand. Economics is the use of scarce resources in the most efficient way. Limited resources need to be used in a way that maximizes the utility of those finite resources.