Quote:
Originally Posted by misher
Regarding 4C how does someone foreign buying real estate as an investment and renting it out bad? Doesn’t this add a unit of housing to the rental market? Why would a local buying to live in it be preferable to a renter living there?
Also rennovictions happen because the only bloody way to raise rents now is to evict and re-rent. Your telling landlords to take a loss or evict and of course there evicting. Shelter like food and water is a basic need but also like food and water it is earned instead of given. Why are we giving people homes as good as or better than the ones we worked for in places we can’t afford to live?
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If you mean a landlord overseas renting out legally, that's a highly unconventional setup (are there any examples you know of?) but no problem so long as they're paying taxes. The intended targets are Airbnbs (scams, tax evasion, detriments to Vancouver's hotel industry) and empty units (used as shares or tax exemptions rather than homes).
Rents can be increased by 2% a year - or if the NDP changes it, at the pace of inflation with an option to dispute. Landlords are perfectly capable of increasing rents.
I can sympathize with those who're genuinely struggling to make ends meet at those rates, but what's happening just as often is that tenants are being kicked out for no other reason than greed. Want more for the unit, just turn a simple
plumbing job or
repainting into an eviction, put it back on the market for another $700-1,000/month. That's not right either.
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