The NYC Landlord Who Says the "Golden Age" of Being a Landlord Is Over

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 3 April 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

For the most part, being a landlord, particularly in a major city, has been a good business to be in. Rents historically just go up — as do property prices. And there are multiple other ways to make money, as well. Plus, historically, politicians didn’t care much about the rights of renters, focusing much more on the concerns of homeowners. But the politics might be changing. And if the politics are changing, then the economics may change, too. On this episode of the podcast, we speak with Ben Carlos Thypin, a residential and commercial landlord in New York City, who tells us the golden age of being a landlord is over and why he plans to get out of residential real estate completely.

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Transcript

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0:00.0	This is Paul Swinney, here to tell you about another podcast you should be listening to.
0:03.8	The tape.
0:04.8	Join us every weekday as we bring you detailed analysis of the day's wall street action
0:08.5	from Blueberg Intelligence and Blueberg Opinion, a conversation with influential newsmakers.
0:12.9	There's absolutely nothing wrong with having something cash on the sideline you're leaning
0:16.4	pretty hard toward equities.
0:18.7	Because of all the dislocations, there's always relative value trades that you could be doing.
0:23.1	Subscribe to the tape today on Apple, Spotify, Bloomberg.com or wherever you get your podcasts.
0:30.0	Hello, and welcome to another episode of the AdLots podcast, I'm Jill Wyzenthall.
0:45.9	And I'm Tracy Alloway.
0:47.3	Tracy, I'm not sure if you remember, but we did an episode recently in the outro.
0:53.0	And like someone tweeted about this, I think your final line was, it's pretty good to be
0:57.0	a landlord.
0:58.0	How about Rant?
0:59.0	And you're like, it seems good to be a landlord.
1:00.0	I stand by it.
1:01.0	I can't believe I'm getting criticized for it throwing out these truth bombs.
1:05.5	It's good to be a landlord.
1:06.5	No, I don't think it's even a criticism.
1:08.9	It's like sometimes the truest things are the obvious things that no one says directly
1:13.8	and that someone just says, it seems pretty good.
1:16.9	And like Rant prices, as we've been discussing, they never seem to go down.
	...

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