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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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[-] CanadaPlus@lemmy.sdf.org 1 points 2 years ago* (last edited 2 years ago)

but thanks for being condescending and somehow taking away that I want to abolish currency?

I don't actually know you that well, and there's no shortage of people who do want to abolish currency on Lemmy so it's good to get ahead of. Sorry if I came off as condescending, I'm actually enjoying this particular sub-chain, you're bringing up lots of important stuff.

First: We could absolutely be giving homes away and still compensate the people that build them. Finland has been having huge success by (in some degree) giving housing away, or providing it at cost.

Well, yeah, the government could buy housing and then give it away at a loss. That could be an effective form of wealth redistribution, but we wouldn't have more houses as a result, which brings me to...

Especially in Canada where our housing costs are skyrocketing DIRECTLY because of landlords

I don't think that's really accurate. They might be contributing a little, but we actually just have measurably too few houses for an economy of our size and development level.