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Originally Posted by WarrenC12
Why are they "a problem" if they are giving renters a subsidy via their own financial illiteracy, as you claim?
FWIW many "new" landlords know full well they are taking a loss on their cashflow, which also reduces their tax burden, while they invest in that property for the long run. This is obviously not a well thought out plan in 2018, but 10 years ago it would look smart.
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I'll use the example of Klazu. Any smart landlord would know that to keep such a tenant is worth more than squeezing the maximum amount out of him with each yearly maximum increase. You hang on to good tenants.
A lot of these people are going to get burned as new rental comes on stream and pre-sale condo buyers realize they can't unload their spec units for a big profit as they expected.