449
submitted 2 years ago by sik0fewl@kbin.social to c/canada@lemmy.ca

According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.

you are viewing a single comment's thread
view the rest of the comments
[-] blazera@kbin.social 46 points 2 years ago

Landlords should be outlawed. They provide no service to society, only harm

[-] phx@lemmy.ca 38 points 2 years ago

They're supposed to fill the gap for people who can't afford to buy, or for whom it doesn't make sense to do so (i.e. people in town on a temporary job).

The problem is that "landlords" these days are more towards the class of "investors" who expect rents to cover the cost of their mortgage plus additional profit

[-] grte@lemmy.ca 16 points 2 years ago

Public housing in the Viennese style is the proper way to handle this.

[-] Frederic@beehaw.org 8 points 2 years ago

Always has been.

If you buy a 4plex for 2 million now, you have no choice to charge a high rent. But all the 8plex or 16plex from the 80s that are paid in full for years, there is no reason to go from 500$/month to 2000$/month just because

[-] phx@lemmy.ca 6 points 2 years ago

100% agree. Nothing pisses me off more than seeing somebody who bought at decades-old prices trying to justify charging thousands, while at the same time not having invested in maintaining the property (and triple that if they pushed out an existing renter or jacked up the rents on them to "keep up with rates")

[-] blazera@kbin.social 6 points 2 years ago

They are the reason why people cant afford to buy. Thats a looot of buildings going for sale if you get rid of landlords. Plummeted prices and mortgage payments. Then we should be focusing from the bottom up afterwards, make sure everyone has some place to live with public housing.

[-] phx@lemmy.ca 3 points 2 years ago

Yup, so take away the ability to grossly profit off the backs of others and allow the scales to balance. There's no reason we can't do both by disincentivizing gouging and slumlording while at the same time increasing the creation of more affordable housing.

Hell, if a sliding-scale of fees against # of properties/profit were implemented they could use the revenue from that to help fund more affordable housing, while discouraging house-hoarding at the same time.

[-] blazera@kbin.social 0 points 2 years ago

Outlawing landlords gets rid of price gouging and slumlords. You cannot own property you dont live in, period.

[-] cooljacob204@kbin.social 27 points 2 years ago

While I don't completely agree with an outright ban imo there should be strict limits to the amount of residential property a person or corporation can own.

No one should be making significant profit off of something so essential.

[-] isVeryLoud@lemmy.ca 28 points 2 years ago

Make property ownership a shit investment.

Cap revenue from rent to 5-10%. Tax the living fuck out of empty properties so they'll take someone, anyone. Tax higher the more properties they own.

[-] Skyline969@lemmy.ca 24 points 2 years ago

Also outright ban AirBnB and make it so corporations are not allowed to own houses.

[-] isVeryLoud@lemmy.ca 10 points 2 years ago* (last edited 2 years ago)

Yes please, houses are for people, corporations have no business (heh) owning houses.

AirBnB is exacerbating the problem, they need to be regulated to hell or outright banned.

[-] Pandemanium@lemm.ee 13 points 2 years ago

We should really crack down on Airbnbs. Why make $2000 a month by providing a place for someone to live when you can make $500 in one night from a tourist?

[-] blazera@kbin.social 3 points 2 years ago

Landlords only buy property as an investment vehicle. You cant keep landlords and not have housing being a money making scheme.

[-] terath@sh.itjust.works 2 points 2 years ago

So in your mind all those new grads out getting their first jobs should just be homeless for 30 years until they can afford to buy a house? That's a pretty harmful idea.

[-] blazera@kbin.social 2 points 2 years ago

Youre looking at this from the current situation, corporare landlords are running amok buying all the property and only renting, decreasing the supply of houses available to buy instead of rent.

Outlawing landlords means all rental property goes up for sale, and only for people that will live there. Add on some pressure that current landlords have to sell within a few years or it goes to the state, and youre gonna have plenty of cheap houses for sale.

this post was submitted on 30 Aug 2023
449 points (98.3% liked)

Canada

11999 readers
312 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 Sports

Baseball

Basketball

Curling

Hockey

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 5 years ago
MODERATORS