Aren't they providing a service?
They provide housing to those who don't want or can't afford to buy a home, those that cannot get loans, and those who don't want or can't afford to maintain a home.
It seems like they take on a lot of risk in the form of paying up-front and obligated long-term costs, dealing with property damage, insurance, liability, and maintenance that others cannot or do not want to do.
I know when I was 18 and moved out on my own, the idea of signing a contract to pay $1,000+/month for 30 years would have been insane, even if I had four friends going in on it with me. I didn't have a stable job, so I would have missed payments and been on the hook for a sum of money I could never pay off. The consequences would have impacted my entire life. Nor would I have been able to maintain a home even if someone gave me one.
Can a landlord be an asshole and exploit people in this situation? Yes.
Does it suck that a lot of people are in this situation not by their choice? Yes.
But, where would they be without landlords? Relying on charity/Gov't or living on the street?
Having short-term, low-risk, low-investment, and low-cost access to housing seems necessary.
