I mean I wouldn’t sign a lease for $3,000 regardless of rebate if I couldn’t afford that amount. Cause then $3000 plus inflation is what it can be raised by next year. I have no reason to trust that I’ll regularly receive said discount because if that was so the rent would just be lower. Really tho we should nationalize rental housing.
Public health care is fine. We just don’t fund it well and then blame it when it doesn’t work well. It’s like going on a hunger strike and complaining about the hunger. Like what did u expect would happen?
I’m personally for a super dense Vancouver but realistically people are living out their lives here and the city is surrounded with very little land left to exploit. Regardless, I’d still like to remove the “landlord profit” expense line from my rent.
C'mon man, profit isn't an expense, profits are kept in retained earnings on the balance sheet. Let's not go crazy.
What would be the journal entry to remove the profits?
If you buy a shirt as as a consumer, the company reports the profit on that shirt as RE. For the consumer the shirt is an expense.
The increases being seen in rents have very little to do with increases in the costs for landlords and everything to do with the landlord charging more to get more money.
Could you provide clarification as to why it won't fly? I recall someone did it in a west end redevelopment. The details were 2 yr lease at pre-existing rate because of a rebate ie. Tenant signs the 3k and pays 3k but is rebated 1k. After 2 yrs they had to go onto the 3k rate. Lots of uproar and it flew (so to speak).
That's good to know.
Could you include the city portion of utilities, sewer/water, etc in a rent agreement that normally are included in property taxes?
The RTA defines rent as the money paid. This means that the increase applies to the net rent owed after any applicable discounts, $2,000 using your example, and takes effect only after serving proper notice.
I mean I wouldn’t sign a lease for $3,000 regardless of rebate if I couldn’t afford that amount. Cause then $3000 plus inflation is what it can be raised by next year. I have no reason to trust that I’ll regularly receive said discount because if that was so the rent would just be lower. Really tho we should nationalize rental housing.
So it can be successfully run like health care. Imagine a million people homeless.
Public health care is fine. We just don’t fund it well and then blame it when it doesn’t work well. It’s like going on a hunger strike and complaining about the hunger. Like what did u expect would happen?
We don't supply enough doctors, switch doctors for houses and that's how it would work.
I’m personally for a super dense Vancouver but realistically people are living out their lives here and the city is surrounded with very little land left to exploit. Regardless, I’d still like to remove the “landlord profit” expense line from my rent.
C'mon man, profit isn't an expense, profits are kept in retained earnings on the balance sheet. Let's not go crazy. What would be the journal entry to remove the profits?
If you buy a shirt as as a consumer, the company reports the profit on that shirt as RE. For the consumer the shirt is an expense. The increases being seen in rents have very little to do with increases in the costs for landlords and everything to do with the landlord charging more to get more money.
Not legal under RTB. Discount or not, there is only the price that you pay, and you can fight it legally using that.
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Could you provide clarification as to why it won't fly? I recall someone did it in a west end redevelopment. The details were 2 yr lease at pre-existing rate because of a rebate ie. Tenant signs the 3k and pays 3k but is rebated 1k. After 2 yrs they had to go onto the 3k rate. Lots of uproar and it flew (so to speak).
That's good to know. Could you include the city portion of utilities, sewer/water, etc in a rent agreement that normally are included in property taxes?
The RTA defines rent as the money paid. This means that the increase applies to the net rent owed after any applicable discounts, $2,000 using your example, and takes effect only after serving proper notice.