That’s such a irrelevant/misleading statistic. People aren’t griping the incorporation vs soul proprietorship of landlords. More than half of those individual landlords own multiple rental properties. Thousands of them own enough rental properties (4+ in Canada) to require a property management license, that many do not possess.
Individual landlords are the ones buying up detached homes, hoarding them as overpriced rentals until selling them as land assemblies so that corporations can build overpriced breadbox boxes.
If you live somewhere without strong tenancy laws than corporations basically get a free pass on colluding to drive up local rental pricing. End of the day they own the apartments around universities and hospitals where demand will meet any price.
Normal people don’t have enough money to buy 15 houses in a really well off area bro. Those people are millionaires and they’re not the kind of “normal people” I am speaking about, because guess what, they’re neither “normal” or not even comparable to the average citizen
Canconda@lemmy.ca 2 days ago
That’s such a irrelevant/misleading statistic. People aren’t griping the incorporation vs soul proprietorship of landlords. More than half of those individual landlords own multiple rental properties. Thousands of them own enough rental properties (4+ in Canada) to require a property management license, that many do not possess.
Individual landlords are the ones buying up detached homes, hoarding them as overpriced rentals until selling them as land assemblies so that corporations can build overpriced breadbox boxes.
If you live somewhere without strong tenancy laws than corporations basically get a free pass on colluding to drive up local rental pricing. End of the day they own the apartments around universities and hospitals where demand will meet any price.
super_user_do@feddit.it 2 days ago
Normal people don’t have enough money to buy 15 houses in a really well off area bro. Those people are millionaires and they’re not the kind of “normal people” I am speaking about, because guess what, they’re neither “normal” or not even comparable to the average citizen