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'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month (toronto.ctvnews.ca)

submitted 2 years ago by girlfreddy@lemmy.ca to c/canada@lemmy.ca

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The landlord had told them he wanted to raise the rent to $3,500 and when they complained he decided to raise it to $9,500.

“We know that our building is not rent controlled and this was something we were always worried about happening and there is no way we can afford $9,500 per month," Yumna Farooq said.

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[-] fatalicus@lemmy.world 10 points 2 years ago

They are talking about scalpers, not the company selling the tickets.

Landlords are like scalpers: they go in and buy up the supply, so they can resell (rent out) for a higher price.

The people originally doing the selling (artists in the case of scalpers. Developers in the case of landlords) see nothing of the increased price.

[-] vacuumflower@lemmy.sdf.org 2 points 2 years ago

So what prevents you from buying directly from developers?

[-] uis@lemmy.world 4 points 2 years ago

Landlords(scalpers)

[-] vacuumflower@lemmy.sdf.org 2 points 2 years ago

So you are saying they are some secret club, and without joining it you can't buy a house for the same price a landlord does?

[-] PaganDude@lemmy.ca 4 points 2 years ago

You're aggressively missing the point. It's it a mental health issue, or are you being deliberately obtuse?

[-] vacuumflower@lemmy.sdf.org 1 points 2 years ago

You're the only one being aggressive in this thread ; I'm being deliberately insensitive to worthless arguments and emotions from worthless people. OK, now you are not the only one anymore, maybe.

You are the one responsible for carrying through your own point. Your failure to do that is not my problem.