Toronto rent out of control
- Thread starter stinkynuts
- Start date
Saw this program on CBC TV last night. One of the crazy ideas to spur more construction is to control the rent.
That's definitely a crazy idea, seeing as it's counterintuitive. Less incentive = more construction?
It is not just the rent itself. It is the expectations of landlords. There are bidding wars for apartments. You don’t fill out applications anymore. You make offers. Some want 3 times the rent in income. If average 2 bedrooms are 3K, they want people with a 9K a month income. Where are they finding that? And they want 2 months plus last month upfront. It is outrageous. And yet it is happening everyday and people are renting this way because they have no choice.
Let's keep those immigration numbers up. That will help!
This is economics 101. Supply and demand. Most immigrants come to the GTA. Cut immigration down considerably and stop letting in people over 50. Fuck, this idiot in Ottawa lets in thousands of people in their 70s and 80s. Makes no sense. But nothing this moron has done makes sense.
This is economics 101. Supply and demand. Most immigrants come to the GTA. Cut immigration down considerably and stop letting in people over 50. Fuck, this idiot in Ottawa lets in thousands of people in their 70s and 80s. Makes no sense. But nothing this moron has done makes sense.
Meanwhile the same thing is happening in USA and dumbass republicans are trying to convince the public that it’s Biden’s fault
www.breitbart.com
Nolte: Average Monthly Mortgage Payment Explodes to $3,322 In Biden’s America
The average monthly mortgage payment in Joe Biden's America has soared to $3,322, the WSJ reports, up from $1,787 when Donald Trump left office.
www.breitbart.com
you can only sell it back to the state. If you invest in rénovation it will be taken into account. Some countries in Europe have similar model.
I’ve seen renters come in with 6 months rent upfront in order to secure a rental unit.
A couple or two roommates making 70k each can easily hit the 9k a month requirement.
These are the people the landlords want and are able to get into their properties. Unfortunately, many are being squeezed out.
Make sure he/she is a roommate and you are not co-habiting or you might unknowingly have a common law spouse.
Sound like understanding that having a roof over your head should be a necessity and not a privilege.
We will all benefit from it.
Capitalism says though that we all benefit if ppl are scared to end up in a homeless shelter or on the street.
How do you incentivize someone who has a guaranteed roof over their head? It’s like living with one’s mother forever. Why would they not smoke weed all day and play video games?
It goes both ways.
Louis Rossmann's analogy explained it perfectly. If you hang a carrot on a stick and string in front of a horse, it will pursue the carrot. But it you keep extending the stick, it becomes so out of reach that eventually the horse loses interest and no longer pursues that carrot.
So there has to be some reasonable level to obtain things or the same thing will happen of How do you encourage someone that who has no shot?
Seeing rent prices like this makes me wonder how people my age with ‘normal’ jobs survive downtown without a roommate.
i never mentioned that it would be free. I stated that like electricity you still need to pay the roof. But because its built by the government its affordable.
look at san francisco. No one can afford to live there anymore. The biggest chain of multiple commerce are pulling out. Homeless are pilling in the streets. In the long run everyone will lose.
Let’s build a huge lodging-ontario to house 2-3 millions people. Make it win-win.
