647
'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month
(toronto.ctvnews.ca)
What's going on Canada?
π Meta
πΊοΈ Provinces / Territories
ποΈ Cities / Local Communities
π Sports
Hockey
Football (NFL)
unknown
Football (CFL)
unknown
Baseball
unknown
Basketball
unknown
Soccer
unknown
π» Universities
π΅ Finance / Shopping
π£οΈ Politics
π Social and Culture
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
Jesus, I'm getting it from both ends here, somebody else is dumping on me for suggesting that a rent-control system that's a few points above inflation so that landlords could adapt to the market without abruptly bankrupting their tenants was somehow a reasonable compromise.
I'm not arguing for extreme rent-control policies, just that no rent control is bad because it lets landlords write their own eviction laws.
Peg it at like 2.5% or 5% per year above inflation and you can't use it as a sudden backdoor eviction but you also let landlords adapt to market reality over time.
Capping rents might be stupid for all the reasons economists say, but putting a damper on sudden price shifts is just being humane.
The "humane" thing would be to make any and all rent seeking behavior very explicitly illegal, but that's unlikely to happen.
So wait where do college students live in your world?