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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.

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[-] 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.

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

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