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BNN Bloomberg
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Comments by "" (@shauncameron8390) on "" video.
The money has to come from somewhere to recoup the costs of getting a permit, land and labor to build the housing. And lower-income people are just simply not it.
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But this is what rent control enabled as they are filling the void left behind by ordinary people getting taxed and regulated out of ownership.
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No. It's because the government made it too costly and all but completely illegal to build and maintain anything affordable.
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<Why recording record profits? > To offset record costs? And since when did profits come before expenses? <Inflation is driven mostly by greed> Namely government greed. <Rich aren't paying workers enough, while jacking up prices.> To cover the costs of government jacking up taxes and restrictions.
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@terenceyuen4424 Exactly.
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@zomgoose Buy low, sell/rent high. Like any businessperson with sense.
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@lynb1022 <Yes renters are "forced" to rent when we can't afford to buy, in large part because rent-gouging has eaten up our savings an/or doesn't allow us to save for a downpayment in the first place> Or too irresponsible with personal finances to buy. <You go right on convincing yourself that you aren't a parasite of society while the rest of us go on fixing the crisis that people like you created, and eventually putting you out of business.> If it wasn't for the landlord, you wouldn't have a place to live especially in the city where it makes littles to own as people tend to move a lot.
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