92

I am relieved to hear that this tennant got some money back.

There seems to be a difference in views on what housing means to people. To the landlords, it's an exchange, a source of income for losing access to space. Landlords think it's fair to evict a tennant if it means they can charge more for rent. To the tennant, it's literally where they eat, live, and sleep. Their SOL if the landlord kicks them out. The because of this, the demand-curve on a demand-supply graph is steep. This causes the sensitivities were seen in the rental market these past couple years. The supply side is also steep because of NIMBY's.

So what happens? Prices go up and quantities don't change. Current landlords are rewarded, new landlords are hardly created, and tenants are left scrambling as they move from place to place, having their entire life uprooted each time.

And then people wonder why Canada isn't having kids. LOL

you are viewing a single comment's thread
view the rest of the comments
[-] Lemjukes@lemm.ee 6 points 1 month ago

We really just gotta start eating them…

this post was submitted on 02 Nov 2024
92 points (98.9% liked)

British Columbia

1376 readers
17 users here now

News, highlights and more relating to this great province!

founded 4 years ago
MODERATORS