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John Stuart Mill on the value of being a Landlord

November 12, 2011

“Landlords grow rich in their sleep.” — John Stuart Mill

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5 Responses to “John Stuart Mill on the value of being a Landlord”

  1. Landlord on November 23rd, 2011 12:25 am

    Landlords may grow rich in their sleep but they also get phone calls when they’re sleeping asking them to fix a clogged toilet.

  2. Johanna P. on November 30th, 2011 4:56 pm

    I’ve made quite a bit of money on owning real estate. The key is to have property managers that handle those late night calls.

  3. Joe M on December 14th, 2011 10:33 pm

    Mill seemed very wise to the power of passive income. It grows and creates value even without working on it.

  4. Norma Peel on December 14th, 2011 10:35 pm

    I wonder if Mill was a landowner? I can’t remember from college. Maybe I spend the day at the pub that class. Totally possible.

  5. Joel Lazarus on October 27th, 2014 8:31 pm

    Guys,

    Talk about a little knowledge being dangerous…
    Read the original words from Mill’s ‘Principles of Political Economy’.
    This quote is a total criticism, a lament. He’s saying that landlords get rich doing nothing, contributing no productive labour to society. He advocates, therefore, radical land reform, giving small-holdings to all workers.
    Later in the book, he calls for economic democracy via co-operatives.

    Do you really think Jesus would be a real estate magnate?
    Please. There comes a point where you have to stop shoe-horning your religious interpretations to fit your material comfort and prosperity. It’s probably the point where you begin to portray Mammon as Christ! With inequality at record highs, a model of debt-fueled consumption-driven growth, environmental crisis, etc, that moment really is now.

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