if a landlord can't afford to install air conditioning where air conditioning is required, they should be forced to sell any and all properties that don't comply.
actually, hold on, let me fix that for me:
landlords should be forced to sell any and all properties except the one they live in. period.
The media loves to have us hate on private landlords, blaming them for the housing bubble and supply issue while it’s partly true it’s a drop in the bucket compared to the scummy rental corporations who have been buying up single family homes and renting them out en masse.
The small landlord that has 1 or 2 rental properties will eventually die and their properties will be liquidated, the companies however will hold onto these properties forever.
America is not the only place in the world. In places without mass corporate landlords, private landlords happily fill that void and are absolutely still the problem.
Show me a landlord that genuinely finds efficiencies that arent just 'hire a cheaper contractor than they would hire for their own home'.
This is about Ontario Canada.
Then youre miss informed about where our housing supply is going and who's driving up rent. Here it is predominantly private landlords.
Absolutely correct, same principle applies to lots of other areas too. Such as food supply.
You DO realize that if we sold all our properties that millions of people would have no place to live? Just because we put them up for sale doesnt mean a current tenant could afford to buy them. What does that mean? They would likely be snapped up by corporate property management companies. And that means rent would go UP as companies would control all the rentals and can set whatever price they wish. The existence of mom and pop landlords is what keeps prices DOWN especially if they are for basement suites.
Perhaps cities, provinces, and/or the federal government could buy up those properties instead of corporate landlords. Then they could charge geared-to-income rent instead of whatever the market will bear.
Amazing the things that one can come up with when one stops thinking only in terms of housing as a commodity
Who pays for that? The taxpayer, which means a MASSIVE increase in taxes because the average house in Canada is now about 700,000.
Lets say the gov wants to buy 1000 homes in a city, thats 700,000,000. How much do you think taxes would have to go up to spend nearly 3/4 of a billion dollars for 1000 homes in a major city? If they did that in 30 Canadian cities thats 21,000,000,000.
21 TRILLION DOLLARS! Currently Canadas entire national debt (the highest in Canadas history) is 1.4 trillion. So you'd have to make it 15 times bigger to buy those houses. If everyone taxes TRIPLED we couldn't pay that off.
You think thats workable? Not a chance. And thats just for 1000 homes per city. Vancouver for example currently has about 125,000 rentals, Toronto has 550,000 rentals so 1000 is barely a drop in the bucket.
Amazing the things that one can come up with when one doesnt do the math.
Amazing the things that one can come up with when one doesnt do the math.
I agree! The correct number is 21 billion, not trillion. Don't worry, you were only off by a factor of 1000!
$21B is about 1/8th of what Carney is proposing to spend annually on defence.
Absolutely doable.
TRILLION
Huh, you are indeed correct. Hoisted by my own petard.
Perhaps cities, provinces, and/or the federal government could buy up those properties instead of corporate landlords.
This is what needs to happen, not a one-time subsidy for a landlord. This way the province gets something out of its investment and continues to supply proper housing. Handing out cash is just throwing money away.
Landlord brain: Charge the city then raise the rent due to increased value.
running any business comes with risk. “help” should go to the tenant before the business. if a landlord cant afford a business then they should quit and get a normal job instead of being a piece of shit human.
landlords should not exist, to begin with. they are garbage people.
Landlords are not philanthropists. You are not going to find a big group of homeowners who want to rent at a loss out of the goodness of their own hearts.
I would love if the government took strong measures to encourage home ownership and discourage treating real estate as an investment. Really, I would. But that will take many years of hard work and economics PhDs to concoct a plan that works. So, until we find a government with the balls to do that for real, we have to understand that dealing with landlords in a realistic way is a necessary evil.
Because if you nuke rentals without first ensuring people can afford to buy, all you'll accomplish is to create a mass housing shortage worse than you've ever seen.
House ownership should be a right not an investment.
I agree! However, it will take a lot of time and carefully crafted policy to make that happen, without perverse incentives appearing. In the meantime, we have to live in the real world and deal with landlords as a (hopefully temporary) fact of life.
we have to understand that dealing with landlords in a realistic way is a necessary evil.
What is this supposed to prove?
That we don't in fact have to deal with the parasites to have housing avaliable for working people
So do we just... fuck over all the renters living in landlord-owned units for the next 5-20 years while this cool new mass public housing is being built by all those extra construction workers we definitely don't have a shortage of?
We should let the housing market crash out, then nationalize it ;)
Similar to what was done after 2008 except federal government doesn't give money parasites and just does it by itself
Do you realize how many suicides and assorted anguish such a crash would cause?
I swear to gods, you people don't really know how to think things through.
Yes, thats a brilliant deduction. I rent safe, comfortable and most importantly AFFORDABLE suites to people like: university students, single moms, people who are just separating from their spouse, couples who just met, disabled veterans, people on a temporary work assignment, people who move every couple of years, people who dont know where they want to buy a house yet, people who would rather invest than buy a house... and NONE of them want to buy a house. But Im a 'garbage' person for giving them a good place to live. Ok then, good deduction there Sherlock.
neat.
sell them instead so people own and are not beholden to your “affordable” market values. I guarantee not NONE want to buy. The market is too expensive.
So my rental basement suite, I rent out for 1200 in a major Canadian city. The house is worth 650,000. A mortgage on that house at todays interest rates would be 3650. Insurance is another 150. Property taxes are 300. So monthly fixed costs of ownership are 4100. But there's always something to fix so add on a very modest 300 a month for that and 4400 is a reasonably moderate estimate.
SO explain to me how the person who now pays 1200 a month is going to come up with more than THREE times their rent per month to buy a house? And theres no way that house is dropping so far down in value that 1200 is anywhere close to being able to buy it, even if it lost HALF its value. Give me your solution to how that would work.
Mom and pop landlords provide the cheapest rentals on the market. Our investment in rental housing is absolutely necessary in providing a place for those on the lowest budgets.
ahh ok. my fault - you rent rooms. I was speaking to the rental of houses. you could sell the suites however. individually. condos are a thing.
No, I rent houses. That basement suite is the lower suite, the upper suite is a separate unit. My point is that they are far too big an investment for renters to actually be able to buy and many of my renters dont WANT to buy. Some do and several have done so but thats the minority.
And condos are a very bad investment. Condo fees and insurance, plus emergency repairs on them make them highly expensive. Would never touch one.
who said a thing abt investment. this is housing
Well, no matter whether you intend it to be or not, every purchase of real estate is an investment.
how so?
Anything you put thousands of dollars of your own money into is an investment - collector cars, crypto, artwork, gold, your Star Wars collection, and housing. Whether those are a GOOD investment or not is another question, but its definitely an investment.
if I purchase a home because I need a place to live, it’s not an investment. Investment comes when sale is realized. On the point of the seller. I own my home. I will not sell it. It is not an investment. It is where I live.
Whether you sell it or not, that doesnt change the fact that you have invested a great deal of money into it, therefore it is an investment. Its status in your life has nothing to do with whether you plan on making a profit on it or not, its merely the definition of investing money.
landlords should not exist, to begin with. they are garbage people.
This. Landlords are simply unnatural. An abomination of nature itself.
As a renter who just recently bought, im almost upset this isn't comimg fast enough after years in 30+ temperatures in the summer. However I do have 1 small complaint about how they intend to implement it.
"[Those buildings] are not very viable economic propositions," he said. "And it's society that has imposed that on the property owner. And now, at least in our view, it should be for society to help solve the problem that society has created
This qoute is in the context of an old building trying to be sold instead of the landlord updating. We've fucking catered to landlords enough in this province. We don't need to bail them out. If they can't sell a property because of a condition it is in, thats their fault for maintaining it at that level. If no one will buy the property because the rent to price ratio is too high, then i guess they'll have to lower their asking price. Our province has bigger financial problems to tackle than helping landlords sell their neglected buildings or helping landlords bring them up to modern standards. Those risks and responsibilities should be on the landlord who has been profiting this entire time.
Yeah well they can go fuck themselves
Gosh yes. The landlords as victims. A novel concept.
Landleach tears are delicious.
Ya sure. We are low income and our low income shit building charges $250 cdn per air conditioner per season. Like they are going to put airco in. Fucking pipe dream.
My landlord wanted at least an additonal $100 per month if i were to install a window shaker.
No they don't. They've been profiting off of doing no work for decades. They can sell their cottage if that's what it takes for their tenants to have a single reasonable home.
I am shocked we don't have this already with new record temperatures every year. 26 is a perfectly reasonable temperature as a MAX and boohoo landlords who would rather leave people live in life threatening heat.
Well, if there was one thing Mao did right...
An air conditioner unit for a single room is as cheap as $140 brand new at Walmart and often used they're just $40 on marketplace. But the tenant pays the power bill. Sure I'll buy you a couple, not exactly a big deal, its your power bill.
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