He does not have to work because she and other tenants work on his behalf. As there is a shortage of accessible housing, they have no choice but to pay his exorbitant fees. While the average mortgaged household spends 12% of its income on housing, the average renting household spends 36%. If the number of homes had grown by 300,000 every year since 1996, the average house today would be only 7% cheaper. We will need private landlords for the foreseeable future, and they should be able to make some money from their property.

Source: The Guardian July 17, 2019 04:52 UTC