People who think rent control is fantastic, never owned a rental property. Tenants from hell do exist and they are taught by lefty lawyers on how to game the system. Ever tried to evict a truant tenant?
Actually, rent control is fantastic ----------- for tenants.
In all honesty, I can’t really blame a landlord for trying to get everything they can. It is a business after all. The problem becomes when the housing market is so out of control that people are sacrificing food just to put a roof over their heads and the landlord is sipping drinks on a beach laughing all the way to the bank. A balance is needed somewhere.
I agree with you there. Tenants should be held more accountable for damages.
Totally agree. No disrespect but a tenant is someone who can't or won't be an owner.
Don't believe that BS that home ownership is "out of reach". I've seen many of the following examples.
Father and mother arrive in Canada penniless. They both work hard. Their children study hard. The grandparents come over and look after the the kids when they were small. They pool their money. Forego that trip to Hawaii several times. Buy a house in Brampton and live 10 person in that house.
BTW: POC immigrants tend to be hard working conservatives and that is why Brampton and Mississauga are all blue.
Bullshit.
Tired of hearing people pretend they understand the economics. People talk Bout supply and demand like it's still 1980.
The government now fucks with demand, and limits supply. That is conveniently ignored by all the board free market economists.
It used to be the people in any give town or city were "the market". If Niagara had 50,000 people... and needed 25,000 homes and apartments to accommodate, then great, that was the market we had. Sometimes hot... sometimes cold. Everyone worked from the same economy, and there were higher end, and lower end places to live. The market truly decided what you could do. I am totally cool with that. That is the definition of a free market and how it should work.
Then globalization. World "leaders" were basically bribed by big business to allow the good paying jobs to go off shore... and when economies showed the stress of slower growth (go figure), Canada used (and still uses) immigration to keep growth going. That threw off the balance in supply and demand in housing. We also allowed big money foreign buyers in to compete. That was bullshit too, as it is un-natural demand from out of market.
Small town Sellers today not only have local buyers in the market, they also have big city Toronto money competing, and foreign money looking for investment the housing markets. Locals, who live and work these communities get squeezed out of the buying process. We can pretend the ban on foreign investment is legit... but there are ways around it.
The red tape in getting more places built is a massive barrier to the supply side. All 3 levels of government officials need bribes, I mean permit approvals. The government literally controls the supply.
So... the government has created a system where outside forces are driving up property values. It's done on purpose. The government benefits from the higher values. So do the banks. So do the Realtors and brokers. Some people actually call that a free market. Its fucking delusional is what it is.
The system is rigged, and people will sit here tell you with a straight face "it's supply and demand", without ever acknowledging the manipulation in the supply and demand.
Yes, people who bought 20 or 30 years ago are happy their piece of shit homes are worth something today. That is the only reason they turn a blind eye to the complete mismanagement of the system. And there are a lot boomers in that position. (Demographics... young population vs the elder population in numbers)
I have not even touched on the corruption and manipulation from the Real Estate sector and its behavior for higher commissions at the public's expense. Remember, every dollar a realtor makes is borrowed money from a bank a home has to pay back with interest. Your realtor is not your friend. You are their mark.
