this post was submitted on 21 Aug 2023
43 points (97.8% liked)
Ontario
2191 readers
62 users here now
A place to discuss all the news and events taking place in the province of Ontario, Canada.
Rules
- No bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia.
- Be respectful, especially when disagreeing. Everyone should feel welcome here.
- No porn.
- No Ads / Spamming.
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the problem with rent control... McGrath is being subsidized by new renters, as someone has to pay for maintenance, taxes, etc.
Is she, though? I suspect the truth is that her rent is covering her part of the taxes, maintenance costs, any utilities folded into the rent, etc. The issue is A. how much profit her landlord is making off her (probably not very much, I admit) and B. how much profit her landlord thinks they should be making off her unit. Almost certainly B > A, but that doesn't mean that the landlord needs the extra money or is operating at a loss.
Landlords, like anyone else running a business, deserve some profit if they're doing a decent job, but only some.