Comments by "" (@shauncameron8390) on "What broke Toronto’s rental market?" video.

  1. <Nothing but approval of luxury developments full of condos that no one can afford and that sit half empty rather than affordable apartment complexes being built> Because due to zoning restrictions and high building costs, those are the only high-density housing legally allowed to be built. Affordable is just simply not viable. <They fell for the idea that all these towers to help with density would "keep rental rates low", which unto itself sounds foolish and like total BS. > Thanks to mass immigration-induced high demand along with Toronto and Vancouver being cities that people are willing to pay a premium to live in.
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  2. No. Rent control exacerbated the housing crisis by making units unavailable especially for those looking for housing.
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  3. Municipalities played a prominent role in it with their zoning restrictions.
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  4.  @JeremyMacDonald1973  The government officially got out of housing in the 90's when Chretien took office.
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  5. Rent control is part of the reason we have this crisis. Rent control = lack of availability.
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  6. And people with money just means people who are willing to pay the market price.
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  7. While rent control decreased housing supply.
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  8. Government meddling enabled more condo-building as it made other kinds of housing either costly or illegal to build. No one got greedy except the government.
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  9. Especially if they insist on living in the big city.
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  10. That's if they're willing to sacrifice life and limb literally.
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  11. New York = world financial center. San Francisco = close proximity to Big Tech.
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  12. Because the government made them costly.
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  13. Well, if you want socialism, you can just go visit Regent Park and Swansea Mews.
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  14. You're free to find housing that was built before 2018 as there are plenty to go around.
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  15. Especially if you live in the big city.
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  16. No. The problem is socialism. The housing market is more over-regulated than you think.
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  17.  @Tribuneoftheplebs  Because they haven't been taxed or regulated into non-viability.
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  18. Landlords made this country. The French settlers had their seigneurie system going.
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  19. AirBnB is a consequence, not the cause.
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  20.  @rickagfoster  Exactly.
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  21. Toronto is as liberal as they come.
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  22.  @bozelecter  NYC has rent control. Do does SF. Yet that didn't stop prices from going through the roof along with causing housing shortages.
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  23. Plus the fact that most people, immigrants and locals alike, only want to live in the big cities because that's were all the opportunities, amenities and social support are at.
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  24.  @ahmedzakikhan7639  And both already have rent control.
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  25.  @pegandolo  <For developers to build massive glass buildings with condos only yuppies can afford?> Thanks to zoning restrictions and high building costs that rendered condos the only high-density housing developers can afford to legally build in the city.
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  26.  @TheTechnoPilot  Yet here you are perpetuating government propaganda.
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  27.  @dsteffler54  Exactly.
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  28.  @africanking787  But Chretien finished it in the 90's.
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  29. <but don't be buying up lower income places> But you better not cry about blight.
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  30. <that public/social housing projects were privatized and then run down or as here said not considered anylonger viable.> Thanks to government meddling and mismanagement.
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  31.  @kinngrimm  This is about Canada. Not the US.
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  32. No. Overbearing government killed rental housing.
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  33. Air BnB is one of the end results of government meddling.
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  34. But Asia is overcrowded and is home to Hong Kong, the city-state with the world's highest rent.
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  35. Exactly.
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  36. There's a reason why Chretien got the government out of the social housing business once he took office.
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  37.  @wanderrice3345  Or you can cut immigration as the big cities have only so much space to go around for everyone trying to move in.
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  38.  @johngawrylash7732  Rent control = lack of availability even if you're willing/able to pay higher prices.
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  39.  @johngawrylash7732  Because the cost to build it was "too" high.
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  40.  @ramsaybolton9151  And waste whatever they take from the haves eventually reverting back to have-not status.
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  41. Air BnB became a thing, because the government made long-term renting unviable with rent control and lopsided laws in favor of tenants.
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  42.  @yathi  Renting condos make sense for those who know they'll be moving out in 5 years.
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  43.  @msbebelle07  Condos are not expensive. They're just not made for the low-income crowd.
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  44.  @MsMarmima  Because they fear getting injured/killed on the job.
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  45. But NYC has the industry and opportunities to justify its high rent.
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  46. Government greed.
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  47. Along with government meddling.
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  48. But government meddling made then costly and unviable.
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  49. Thanks to government meddling.
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  50.  @bozelecter  Mass immigration-induced high demand, taxes and restrictions on housing supply among other things.
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  51. Thanks to zoning restrictions and high building costs, condos are the only high-density housing they can build with a decent ROI.
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  52. Government meddling made rental housing unviable.
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  53. And thanks to rent control, they're not legally allowed to charge the amount required to meet basic operating expenses.
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  54.  @sexygeek8996  It doesn't make sense in the city as people tend to move a lot.
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  55.  @Tobi-ln9xr  Germany also has a housing crisis.
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  56. Well, they're not building anything for free or at a loss.
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  57. Because thanks to government restrictions, they're the only entities that can afford to build and own property and also put up with the government's BS.
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  58.  @ramsaybolton9151  Also too much bureaucracy. High shipping and transport costs due to the population centers being too far from each other.
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