[thriftwy]

As I imagine it, the person who rents out a single apartment for subsistence cannot pull all kinds of tricks that a large landlord with multiple properties will. They don't make the market, merely participate in one.

Moreover, a large landlord will often siphon the income into paying off more apartments for rent, taking them from market. Whereas for these single apartment landlords may consider selling their propertied instead of renting out so they don't hoard the stock as much. Their income from renting out is insufficient to buy more reliably.

[andybak]

So - two types of landlord. That's the key point here - your original wording confused everyone.