I deliver mail to a real estate company that specializes in rental property. They got a magazine the other day, one dedicated to the “multi-family realty industry”, ie, landlords of apartment complexes. The cover caught my eye: “Four Enemies of the Multi-Family Industry”, it read. Opening to the article I saw that it began by noting that rentals were up by over 5% last year, and I was struck by the description of one such “enemy”, a realtor and builder who sent flyers to apartment complexes, advertising the fact that renters could buy one of his new homes for the same price they were paying in rent each month.
A 5% rise in rentals is bad news to anyone who isn’t profiting from it, one would think, and someone enabling renters to own a home would seem good news to anyone who is not losing money by such efforts. I thought home ownership was a big part of the American dream.
But what really struck me is the words used to describe the enterprising builder: he was “preying” on renters.
Oh, really? This sort of George Bailey capitalism is predatory?
Only the real predator would describe it as such, the sort of capitalist who is indifferent to the common good. And only that sort of capitalist would whine and play the victim when someone was cutting into his pie.