this post was submitted on 21 Aug 2023
258 points (94.2% liked)
CanadaPolitics
1883 readers
5 users here now
Placeholder for any r/CanadaPolitics refugees
Rules:
All of Lemmy.ca's rules apply
- No bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia.
- Be respectful. Everyone should feel welcome here.
- No porn.
- No Ads / Spamming.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Ordinary people buy one house to live in. Corporations by dozens or hundreds of homes at a time and then charge rent. It's easy to see who's buying up most of the housing supply.
Iiterally blackrock
Who would have thought investment groups backing SFR aggregators could have ever lead to this?? They all buy more homes than they can manage. Let them age neglected for months to a year at a time until they can come in and replace the floors with lvp, the cabs with builders grade trash and splash agreeable grey over all the walls and then value the home 100k higher. They don't sell, cause they want to own it all forcing you to have to rent from them