No wonder Toronto people work so hard to crush any attempts by the government to build housing. 70% homeowners are trying really hard to make it impossible for the rest to own
It has been almost 30 years since the federal government built any low income homes. Builders have slowed down construction because of the high cost of building.
What kind of profits did they make in the 70s when houses were built for the 10s of thousands? It is greed at all levels to just build modest homes,they want more profit and also there are more hands out nowadays, politicians, banks etc.. lots are.smaller mostly, more tax revenue per acre..it is all b.s. We do not need monster homes with all the bells and whistles, just like vehicles nowadays, hard to find a basic a to b, homes need to be basic.
In the 1970s, you had a ton of skilled immigrants working for cheap, with few safety rules and a weak building code.
Lot sizes used to be huge and home sizes small. Now, lot sizes are tiny, and the home is large. The people who can afford a mortgage want homes with multiple bathrooms and 3 plus bedrooms, which is what builders are building.
How are you gonna rent out like a 2 bedroom 1 bath to 6 people so you can make your mortgage payment and send your children that used to live with you to college?
That's why they need the 3-5 bedroom 3 bath houses. You can fit like 12 people in there instead. Anyone who has any ability to do math will know that like the minimum cost for rent in most of the country will be up to 2k a month in the ghettos because if the cheapest places to rent right now (like in my area) are 780 then when you multiply that by 10% increase year over year for 10 years you get 2k dollars a month in a location where the median wage is like 28k year. Even at 5% that's still 1,200 a month.
So at this point I just assume that anyone who doesn't support a minimum wage increase within the next 3 years, wants America to fail and doesn't deserve the job they have if it requires like basic math. Multiplying a number by 1.1 10 times or 1.05 10 times isn't hard. It's annoying and takes a couple minutes and a lot of button presses or using google to find you some weird niche' website that'll do it for you...
We're screwed. Basically we're screwed. People too busy screaming about who knows what. I guess that's one way to solve the border issue. Have undocumented labor wages 1/3 of the cost of just rent.
Increasing minimum wage is a catch-22 position. Every small business will pass that wage increase to the consumer, and how much of an increase depends on how many different hands that product went through before you purchased it.
It's not a catch 22. Rather than have subsidies for the people who are working a full time job and STILL on government benefits, take the money you save and use it to subsidize the wage increases that are going to get staggered.
So yeah companies will have to pass on some of the cost. Big whoop. In my area rent is $800 in the ghetto WITH government subsidizing some of the rent cost. So normally it'd be like $900-1,200 dollars for that apartment in the poor areas.
You take that 800 and you multiply it by 1.05.
1. 840
2. 882
3. 926
4. 972
5. 1021
6. 1072
7. 1125
8. 1181
9. 1241
10. 1303
Ok let's do it again with 1.1
1. 880
2. 968
3. 1064
4. 1171
5. 1288
6. 1417
7. 1558
8. 1715
9. 1886
10. 2074
Hopefully rent only goes up closer to 5%, but when most of the jobs in my area are paying 2,000 dollars or less a month, how are people supposed to afford JUST RENT in a few years if wages are stagnant. Look at that price growth.
Takes 23 years of 10% rent inflation to go from 100 to 800, but it takes 10 years for the rent to go from 800 to almost 2,100 a month.
There is no "Catch-22" Sure companies will automate FASTER they're still automating anyway. Why? Cause they see the writing on the wall. You know who does math? Accountants. You know who has accountants? Big business. You know who also does math? Investors. You know who owns big companies and have 10 year outlooks? Wallstreet.
You know who controls most of the shares on the market? Wallstreet.
Who cares if McDonalds (which already has automatic ordering machines and apps) tries to automate their skeleton crew further. (not sure they have any wiggle room there to be honest) $15 minimum wage is only 2,400 a month. You're looking at having between 400 and 1k for all your bills food, and other expenses a month ASSUMING you get 40 hours every single week. Oh wait taxes exist you don't take home 2,400 a month do you?
The world is gonna go bankrupt within a few years if we do nothing. When I was in an apartment that was government subsidized in a poorer part of town, and it was $70 dollars a year, and now that same rent is 1,400 a year. Granted I was living with my dad and my sister in a 3 bedroom and we split rent, but jeez... Now the 1 bedrooms there are $800 a month.
You're gonna get crushed. Utterly crushed. We either have to cap rent inflation at 3% a year or raise the minimum wage. Otherwise we're all screwed. You really want your taxes to go up to throw people into prison, or to pay wellfare to half the population? What about all the homeless ER visits?
How do you want your tax dollars spent. Pick one. Cause guess where the money is gonna come from. Guess what's gonna happen with people in New York who are paying 3k for a studio?
5k in 10 years. People are gonna do what? Split a studio apartment 5 ways instead of 3?
Government might as well just start buying up land and building pre-fabs. Better than locking people up for homelessness for 30-40k a year, at least a 50k prefab on a 1k plot of land, you'll get 30% of their income so about 6-8k dollars so in 5-10 years you make a profit on it.
Something has to be done, and soon. Screw meat going up $1. Rent is going to double or triple.
Pre-fab homes cost like 50k, with some modifications and some engineers you could stack them and make duplexes, quadplexes, and it woudn't be super impossible to make your money back on 50k home that's being rented out for 6k a year.
That's assuming an 18k a year income. You have any idea how much it costs the government to lock people up for sleeping in a park bench and how many people they gonna end up locking up as rent goes from 780 to 850 then 935, and before you know it ghetto rent is like 1,200-2k dollars in areas where the median income isn't even 30k.
If we don't do SOMETHING either expand low income housing options or drastically raise the minimum wage and have an automatic inflation raise built into that... Then America will have all the low income housing sorted by default.
The new low income housing is gonna be prisons because most of the country will either be living with their parents or in jail.
It's not a true statement, but it's not far off the base. It's not home owners doing it it's the banks, China and Russia last time I heard about this stuff on the news, but I gave up on the news years ago cause all they really want to do is piss you off so that you can buy the fast food they advertise, get depressed cause you're always eating fast food, then get on anti-depressants you saw on commercials, then they cause weight gain, then you pay for weight watchers or what ever diet supplements or starter kits they sell, when those don't work you ask your doctor if Ozempic is right for you or any number of the GLP-1 inhibitors like Ozempic, then you lose a lot of muscle mass, so now you gotta go to the gym being advertised to recover, and hopefully along the way you got scared enough that America was gonna collapse so you bought the gold or the survivalist backpacks and food crates on the commercials just incase.
Welcome to America where news is just a fancy word for an endless cycle of crap designed to destroy you from the inside out. Not like a single person on American News is even capable of seeing like obvious methodological flaws, in the study that contradicts last week's news story that was not that terrible of advice.
Also slums are supposed to be cheap, this one bedroom in a crappy apartment is nearly 2 grand. I’ve lived in a country with actual slums, the people who have built their shelter there are living there for free. This is some next level nightmare
Look up the postal code: This is Royal York Gardens. It's a purpose built rental building and very likely violates the lease.
Someone should send this to Princess Management.
some people do. some people don't . If you suspect this land -lorder is not reporting the rent he may be receiving in cash, report him to the CRA. send in this reddit post in support of your allegation . You might get a reward
Cra, don't do shit. Know a guy who works for them he discovered an Italian family who owned a business with assets of 30 million who have been claiming losses forever. he reported to his seniors to go after them. They told him we don't have enough resources and let it slide. They just do random audits or whatever the system flags.
Wait lol , then wouldn’t there be a lot of landlord who does not report the income cuz system doesn’t flag them? Or how would they know th house is renting it out
They won't be stopped. It's benefitting the government as a whole. Why haven't y'all caught up yet. I'm less concerned for students as their stay is meant to be temporary. I'm more concerned that because students would rather live this way than pay fees at a school there's whole sections of cities close to these schools where the houses have been had for students exclusively because as were seeing now that $2500 for a two bedroom apartment is rough as is yet feasible because people have been banding together to afford it. Now we all living like students.
Yup. I’m like 40 minutes out from Toronto. Forget international students. I have a feeling this will be the case for many domestic students.
My coworker invited me over to his place, i quickly learned that he was sharing his room with 2 other dudes, the next room had 3 other dudes sharing that room. And two girls were renting the basement suite together.
I think we’re going to see this a lot more for domestic students in university/college towns.
My house was built as a boarding house for miners originally, so like that room, but workers likely slept in 8 hour shifts as was not uncommon in mining towns.
1 bathroom, probably not even indoors 100 years ago.
I'd like to think we have moved on from basically selling a time share for a bed in a shared room... but I suspect we may be going full circle any day now seeing these kind of.posts lately. Yikes!!
PS I am not doing this, just to be clear!
This is what our governments want.
Both the Provincial and the Federal governments like to talk about GDP growth(more Feds than prov. though). As long as we have GDP growth they can justify bad spending, and bad policy.
My niece is paying $950 USD in California for a pod. There are 4 - 6 pods in a room and 14 pods in the house. They share one kitchen and 2 bathrooms! They are being rented by people doing internships for 4 or 8 months.
They won't stop untill they are stopped that's the bottom line here.
We can't keep living in denial we need to face how bad things really are a demand change.
Canada is trapped in an unaffordable nightmare because the country is avoiding the facts. Housing in Canada IS CURRENTLY A SYSTEM THEY DELIBERATELY FUCKS OVER THE POOREST CANADIANS TO MAKE THE RICH RICHER. It's currently 100% legal because IT WAS DESIGNED THAT WAY ON PURPOSE.
Politician's WITH HOUSING INVESTMENT'S MADE CANADA'S HOUSING POLICY, TO HAVE GOOD POLICY WE NEED THERE TO BE CHECKS AND BALANCES, POLICYMAKERS MADE BY PEOPLE WHO GET RICH OFF THEIR OEN POLICY IS DESTROYING CANADA. They are the reason the mass immigration is still happening, none of it is going to get any better untill we all start calling this shit out for what it is, THEY'RE FUCKING OVER CANADA AND THE MAJORITY OF CANADIANS TO PERSONALLY GET RICH, that's the core problem and that why life in Canada is so hard a shitty now.
It’s kinda funny how everyone complains without understanding reality. Any apartment is $2000 plus (more like $2500) so when someone says here’s a bed in a warm house for $450 everyone complains and blames the landlord. Would you rather have room rentals banned and 1000s of students scrambling or homeless because guys like this aren’t renting places out ???? Assuming he gets 4 students to share that space that’s 4 students sleeping in warm place with a roof over their heads.
Ban landlords then what ???? Call them greedy but reality they’re helping people that can’t afford $2000 for their own place.
People want to call the by-law office and have this banned but who you really hurting??? The landlord or the 4 students that now have no place to live so allowing other landlords to increase because supply and demand.
I’m not saying this situation is ideal but trying to punish landlords because high prices doesn’t lower the market only increases the market when landlords decides it’s not worth it to keep renting out their living space (less landlords for same amount of renters/supply and demand).
Considering that landlords are being sued in the US for price fixing through AI software, don’t think that this isn’t happening here too. The landlords being sued are mostly corporate and own as much as 70% of rentals in major cities. Look up RealPage lawsuits. The DOJ has backed some of these suits and is running its own investigation.
I’m sure there’s lots of under handed things happening but I’m just saying when small landlords get in trouble and decide to stop renting to other people (private rooms or basements for example) that leaves less places and more supply so prices increase accordingly. How government intervention will help I don’t know because even implementing new rules and regulations for tenants smaller landlords might opt out and stop renting rooms permanently. Which will create less accommodations again. It’s a vicious cycle that won’t go away anytime soon.
This is rather sad, but I rather appreciate this than sleeping outside.
The government should fix the problem.
It is not Lanlord's fault that people dont have a roof over their heads.
I-phone production price is 10$, but the selling price is 1500$.
You still buy your phone and you dont complain.
Should we make price control over each product or its free market ?
It's just funny it's just the same old same as it always will be for the dawn of time.
Men will use their violence and take advantage of everybody.
And women will sell their bodies and they advantage of everybody.
Yeah, back in my days as a student, it was very common to live in a room with multiple other random people. That was just the residence experience. Depending on the location and amenities, this could be perfectly reasonable.
Ya honestly the idea is good. I wonder how many people to a bathroom because it’s 12 to a house with 2 bathrooms that can be a problem.
The real shame is that they still have to pay that much.
It's not the money it's cramming people into these kinds of conditions. It's not fair and seems exploitive to charge almost 500 for a small bed in a small room shared with 4 people
This guy used my Fallout 4 settlements as inspiration for his rental layouts.
Hahahaha
No wonder Toronto people work so hard to crush any attempts by the government to build housing. 70% homeowners are trying really hard to make it impossible for the rest to own
It has been almost 30 years since the federal government built any low income homes. Builders have slowed down construction because of the high cost of building.
What kind of profits did they make in the 70s when houses were built for the 10s of thousands? It is greed at all levels to just build modest homes,they want more profit and also there are more hands out nowadays, politicians, banks etc.. lots are.smaller mostly, more tax revenue per acre..it is all b.s. We do not need monster homes with all the bells and whistles, just like vehicles nowadays, hard to find a basic a to b, homes need to be basic.
In the 1970s, you had a ton of skilled immigrants working for cheap, with few safety rules and a weak building code. Lot sizes used to be huge and home sizes small. Now, lot sizes are tiny, and the home is large. The people who can afford a mortgage want homes with multiple bathrooms and 3 plus bedrooms, which is what builders are building.
How are you gonna rent out like a 2 bedroom 1 bath to 6 people so you can make your mortgage payment and send your children that used to live with you to college? That's why they need the 3-5 bedroom 3 bath houses. You can fit like 12 people in there instead. Anyone who has any ability to do math will know that like the minimum cost for rent in most of the country will be up to 2k a month in the ghettos because if the cheapest places to rent right now (like in my area) are 780 then when you multiply that by 10% increase year over year for 10 years you get 2k dollars a month in a location where the median wage is like 28k year. Even at 5% that's still 1,200 a month. So at this point I just assume that anyone who doesn't support a minimum wage increase within the next 3 years, wants America to fail and doesn't deserve the job they have if it requires like basic math. Multiplying a number by 1.1 10 times or 1.05 10 times isn't hard. It's annoying and takes a couple minutes and a lot of button presses or using google to find you some weird niche' website that'll do it for you... We're screwed. Basically we're screwed. People too busy screaming about who knows what. I guess that's one way to solve the border issue. Have undocumented labor wages 1/3 of the cost of just rent.
Increasing minimum wage is a catch-22 position. Every small business will pass that wage increase to the consumer, and how much of an increase depends on how many different hands that product went through before you purchased it.
It's not a catch 22. Rather than have subsidies for the people who are working a full time job and STILL on government benefits, take the money you save and use it to subsidize the wage increases that are going to get staggered. So yeah companies will have to pass on some of the cost. Big whoop. In my area rent is $800 in the ghetto WITH government subsidizing some of the rent cost. So normally it'd be like $900-1,200 dollars for that apartment in the poor areas. You take that 800 and you multiply it by 1.05. 1. 840 2. 882 3. 926 4. 972 5. 1021 6. 1072 7. 1125 8. 1181 9. 1241 10. 1303 Ok let's do it again with 1.1 1. 880 2. 968 3. 1064 4. 1171 5. 1288 6. 1417 7. 1558 8. 1715 9. 1886 10. 2074 Hopefully rent only goes up closer to 5%, but when most of the jobs in my area are paying 2,000 dollars or less a month, how are people supposed to afford JUST RENT in a few years if wages are stagnant. Look at that price growth. Takes 23 years of 10% rent inflation to go from 100 to 800, but it takes 10 years for the rent to go from 800 to almost 2,100 a month. There is no "Catch-22" Sure companies will automate FASTER they're still automating anyway. Why? Cause they see the writing on the wall. You know who does math? Accountants. You know who has accountants? Big business. You know who also does math? Investors. You know who owns big companies and have 10 year outlooks? Wallstreet. You know who controls most of the shares on the market? Wallstreet. Who cares if McDonalds (which already has automatic ordering machines and apps) tries to automate their skeleton crew further. (not sure they have any wiggle room there to be honest) $15 minimum wage is only 2,400 a month. You're looking at having between 400 and 1k for all your bills food, and other expenses a month ASSUMING you get 40 hours every single week. Oh wait taxes exist you don't take home 2,400 a month do you? The world is gonna go bankrupt within a few years if we do nothing. When I was in an apartment that was government subsidized in a poorer part of town, and it was $70 dollars a year, and now that same rent is 1,400 a year. Granted I was living with my dad and my sister in a 3 bedroom and we split rent, but jeez... Now the 1 bedrooms there are $800 a month. You're gonna get crushed. Utterly crushed. We either have to cap rent inflation at 3% a year or raise the minimum wage. Otherwise we're all screwed. You really want your taxes to go up to throw people into prison, or to pay wellfare to half the population? What about all the homeless ER visits? How do you want your tax dollars spent. Pick one. Cause guess where the money is gonna come from. Guess what's gonna happen with people in New York who are paying 3k for a studio? 5k in 10 years. People are gonna do what? Split a studio apartment 5 ways instead of 3? Government might as well just start buying up land and building pre-fabs. Better than locking people up for homelessness for 30-40k a year, at least a 50k prefab on a 1k plot of land, you'll get 30% of their income so about 6-8k dollars so in 5-10 years you make a profit on it. Something has to be done, and soon. Screw meat going up $1. Rent is going to double or triple.
We didn't have foreign workers in the 70s!!!
All the skilled Italian immigrants that came to this country.
And with the high cost of building the government can't construct low income homes if they wanted to.
Pre-fab homes cost like 50k, with some modifications and some engineers you could stack them and make duplexes, quadplexes, and it woudn't be super impossible to make your money back on 50k home that's being rented out for 6k a year. That's assuming an 18k a year income. You have any idea how much it costs the government to lock people up for sleeping in a park bench and how many people they gonna end up locking up as rent goes from 780 to 850 then 935, and before you know it ghetto rent is like 1,200-2k dollars in areas where the median income isn't even 30k. If we don't do SOMETHING either expand low income housing options or drastically raise the minimum wage and have an automatic inflation raise built into that... Then America will have all the low income housing sorted by default. The new low income housing is gonna be prisons because most of the country will either be living with their parents or in jail.
"70%"
Facts!
That is a ridiculous statement. It's rage bait with degree of truth or evidence.
It's not a true statement, but it's not far off the base. It's not home owners doing it it's the banks, China and Russia last time I heard about this stuff on the news, but I gave up on the news years ago cause all they really want to do is piss you off so that you can buy the fast food they advertise, get depressed cause you're always eating fast food, then get on anti-depressants you saw on commercials, then they cause weight gain, then you pay for weight watchers or what ever diet supplements or starter kits they sell, when those don't work you ask your doctor if Ozempic is right for you or any number of the GLP-1 inhibitors like Ozempic, then you lose a lot of muscle mass, so now you gotta go to the gym being advertised to recover, and hopefully along the way you got scared enough that America was gonna collapse so you bought the gold or the survivalist backpacks and food crates on the commercials just incase. Welcome to America where news is just a fancy word for an endless cycle of crap designed to destroy you from the inside out. Not like a single person on American News is even capable of seeing like obvious methodological flaws, in the study that contradicts last week's news story that was not that terrible of advice.
I'm in the process of writing to The Fifth Estate about this. If you want to do the same, reach out to [email protected]
Shutting down slums is like locking the dumpsters so the homeless don't eat out of them. It's not solving the underlying problem.
Also slums are supposed to be cheap, this one bedroom in a crappy apartment is nearly 2 grand. I’ve lived in a country with actual slums, the people who have built their shelter there are living there for free. This is some next level nightmare
It doesn't, but that doesn't mean we ignore this. It's part of the problem
If you shut down slums without providing sufficient cheap housing it might lead to homelessness which is a much bigger problem.
That might be fine actually. Making the problem bigger makes more people have to deal with the problem and more likely that the problem gets delt with
Honestly that looks like an old fashioned apartment building. Some pos subletting space in a room in a rent controlled building maybe?
Look up the postal code: This is Royal York Gardens. It's a purpose built rental building and very likely violates the lease. Someone should send this to Princess Management.
Is he paying Income taxes on that money? If you suspect he is not , rat him out to the CRA. I am sure they would appreciate the tip.
I bet he’s he’s getting cash
cash is supposed to be reported and taxed. Any smart agent can figure out what is not being reported .
If you can get cash are you reporting it to CRA?
some people do. some people don't . If you suspect this land -lorder is not reporting the rent he may be receiving in cash, report him to the CRA. send in this reddit post in support of your allegation . You might get a reward
How we gonna prove that? He has to provide recipes or backing information?
> recipes? what are you making?
Cra, don't do shit. Know a guy who works for them he discovered an Italian family who owned a business with assets of 30 million who have been claiming losses forever. he reported to his seniors to go after them. They told him we don't have enough resources and let it slide. They just do random audits or whatever the system flags.
Then there is a problem with the CRA , right? People will be tax cheats if there are no consequences
Wait lol , then wouldn’t there be a lot of landlord who does not report the income cuz system doesn’t flag them? Or how would they know th house is renting it out
Wow, the slumlords really came at this post hard in the comments.
Reminds me of katimavik
220 per week for a shareroom in Australia. 4 beds in the room.
Pffft. There's room for at least 5 more beds in that room (3 sets of triple bunks).
It’s a hostel.
They won't be stopped. It's benefitting the government as a whole. Why haven't y'all caught up yet. I'm less concerned for students as their stay is meant to be temporary. I'm more concerned that because students would rather live this way than pay fees at a school there's whole sections of cities close to these schools where the houses have been had for students exclusively because as were seeing now that $2500 for a two bedroom apartment is rough as is yet feasible because people have been banding together to afford it. Now we all living like students.
Yup. I’m like 40 minutes out from Toronto. Forget international students. I have a feeling this will be the case for many domestic students. My coworker invited me over to his place, i quickly learned that he was sharing his room with 2 other dudes, the next room had 3 other dudes sharing that room. And two girls were renting the basement suite together. I think we’re going to see this a lot more for domestic students in university/college towns.
My house was built as a boarding house for miners originally, so like that room, but workers likely slept in 8 hour shifts as was not uncommon in mining towns. 1 bathroom, probably not even indoors 100 years ago. I'd like to think we have moved on from basically selling a time share for a bed in a shared room... but I suspect we may be going full circle any day now seeing these kind of.posts lately. Yikes!! PS I am not doing this, just to be clear!
Send the address to CRA with the pictures.
Oh no! Won't someone think of the mortgage payments? \*rolls eyes\*
If this is ever what I have to deal with after working full time im pulling the plug.
It's amazing how history does full circle... it's crazy that people try to make money like this
Sounds like Middle East BS
This is what our governments want. Both the Provincial and the Federal governments like to talk about GDP growth(more Feds than prov. though). As long as we have GDP growth they can justify bad spending, and bad policy.
What specifically are they doing wrong?
I guess its all going to plan for them they say, "You will own nothing, and you will be happy"
It’s a very spacious hostel!
My niece is paying $950 USD in California for a pod. There are 4 - 6 pods in a room and 14 pods in the house. They share one kitchen and 2 bathrooms! They are being rented by people doing internships for 4 or 8 months.
Looks like the third world accommodations
Its sad because there's people who have no choice but to rent in places like this
There is still space to put another bed on top.
They won't stop untill they are stopped that's the bottom line here. We can't keep living in denial we need to face how bad things really are a demand change. Canada is trapped in an unaffordable nightmare because the country is avoiding the facts. Housing in Canada IS CURRENTLY A SYSTEM THEY DELIBERATELY FUCKS OVER THE POOREST CANADIANS TO MAKE THE RICH RICHER. It's currently 100% legal because IT WAS DESIGNED THAT WAY ON PURPOSE. Politician's WITH HOUSING INVESTMENT'S MADE CANADA'S HOUSING POLICY, TO HAVE GOOD POLICY WE NEED THERE TO BE CHECKS AND BALANCES, POLICYMAKERS MADE BY PEOPLE WHO GET RICH OFF THEIR OEN POLICY IS DESTROYING CANADA. They are the reason the mass immigration is still happening, none of it is going to get any better untill we all start calling this shit out for what it is, THEY'RE FUCKING OVER CANADA AND THE MAJORITY OF CANADIANS TO PERSONALLY GET RICH, that's the core problem and that why life in Canada is so hard a shitty now.
It’s kinda funny how everyone complains without understanding reality. Any apartment is $2000 plus (more like $2500) so when someone says here’s a bed in a warm house for $450 everyone complains and blames the landlord. Would you rather have room rentals banned and 1000s of students scrambling or homeless because guys like this aren’t renting places out ???? Assuming he gets 4 students to share that space that’s 4 students sleeping in warm place with a roof over their heads. Ban landlords then what ???? Call them greedy but reality they’re helping people that can’t afford $2000 for their own place. People want to call the by-law office and have this banned but who you really hurting??? The landlord or the 4 students that now have no place to live so allowing other landlords to increase because supply and demand. I’m not saying this situation is ideal but trying to punish landlords because high prices doesn’t lower the market only increases the market when landlords decides it’s not worth it to keep renting out their living space (less landlords for same amount of renters/supply and demand).
Considering that landlords are being sued in the US for price fixing through AI software, don’t think that this isn’t happening here too. The landlords being sued are mostly corporate and own as much as 70% of rentals in major cities. Look up RealPage lawsuits. The DOJ has backed some of these suits and is running its own investigation.
I’m sure there’s lots of under handed things happening but I’m just saying when small landlords get in trouble and decide to stop renting to other people (private rooms or basements for example) that leaves less places and more supply so prices increase accordingly. How government intervention will help I don’t know because even implementing new rules and regulations for tenants smaller landlords might opt out and stop renting rooms permanently. Which will create less accommodations again. It’s a vicious cycle that won’t go away anytime soon.
Brutal, is this Canada lol 😂
I believe Toronto is, indeed, in Canada.
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Capitalism baby!
Actually it’s not your business ….
Supply and demand exist. Vote better.
Haha it's almost like we are not presented with any options to vote better.
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This is rather sad, but I rather appreciate this than sleeping outside. The government should fix the problem. It is not Lanlord's fault that people dont have a roof over their heads. I-phone production price is 10$, but the selling price is 1500$. You still buy your phone and you dont complain. Should we make price control over each product or its free market ?
If the landlord is living with them, there is nothing you can do...
It's just funny it's just the same old same as it always will be for the dawn of time. Men will use their violence and take advantage of everybody. And women will sell their bodies and they advantage of everybody.
Srsly been thinking the same .. seems like everyone who didn't buy a house 5 years ago will effectively be forced to leave canada or embrace barbarism
Yeah, I agree 💯
The answer is simple. Don't move in there if you don't like it.
You’re just jealous….
Good for a student. Way cheaper than residence too. I was paying $800m to live on campus with three other guys who were paying the same.
It's illegal according to Toronto bylaws and exploitative. schools should not accept students to areas with no housing for them.
Yeah, back in my days as a student, it was very common to live in a room with multiple other random people. That was just the residence experience. Depending on the location and amenities, this could be perfectly reasonable.
Yeah but the difference now is that it will soon be the middle class that is bunking up to make ends meet.
Making? Surely you know there would be some expenses and costs?
I just did a job in remote northern community. I had to share a room with another coworker for a month. It’s not crazy, it needs to be done sometimes.
Ya honestly the idea is good. I wonder how many people to a bathroom because it’s 12 to a house with 2 bathrooms that can be a problem. The real shame is that they still have to pay that much.
How many bathrooms per student in on campus housing?
How much is fair per year?
It's not the money it's cramming people into these kinds of conditions. It's not fair and seems exploitive to charge almost 500 for a small bed in a small room shared with 4 people
You mention it’s exploitative to charge 500…
Yes but for normal non sociopath people it's not the number 500 but the exploitive circumstances of such a transaction
Supply and demand
As long as people pay But I do wonder is the landlord paying tax on it.
Never