Finacialization of the rental market

[Acitta]

How 'financialized' landlords may be contributing to rising rents in Canada

[Bytor]

"May be"? Sheesh. Journalists with no daring.

I've been pointing out the "financialization" of housing for years because of the low interest rates, though I never used that term. I usually called it the "housing investment craze".

[plam]

"May be"? Sheesh. Journalists with no daring.

I've been pointing out the "financialization" of housing for years because of the low interest rates, though I never used that term. I usually called it the "housing investment craze".

not a huge fan of either mom-and-pop landlords or huge companies holding all the rental market, though huge companies can be OK if they are actually subject to regulation. Also I don't think that everyone should have to own their property.

[ac3r]

You shall live in a government provided cube you don't own, ride a bicycle everywhere. And you WILL like it.

[plam]

You shall live in a government provided cube you don't own, ride a bicycle everywhere. And you WILL like it.

That sounds so much better than driving an SUV everywhere at ruinous cost and being forced to like it. /s

[Bytor]

"May be"? Sheesh. Journalists with no daring.

I've been pointing out the "financialization" of housing for years because of the low interest rates, though I never used that term. I usually called it the "housing investment craze".

not a huge fan of either mom-and-pop landlords or huge companies holding all the rental market, though huge companies can be OK if they are actually subject to regulation. Also I don't think that everyone should have to own their property.

Assuming that Mom & Pop are not bigots or jerks and they keep to the regulations and (most) infractions are not malicious unlike today, I'm OK with them as landlords.

Most cities in North America had their own equivalent to the "Chicago two-flat", some style of duplex where the owners live one one half/floor and rented out the other. The middle class path for many was a small rental apartment after you got married, then renting the half of a duplex, then being a duplex owner, but a lot of people never went beyond duplex renter. It also wasn't uncommon for the duplex renter to be one of the older children of the owner and then swapping the way Amish and Old Order Mennonites do with the main farmhouse and the doddyhaus.

It was a significant portion of housing construction in the cities from the 1890s until post World War 2 when the use of euclidean zoning became flat out the most popular method urban planning.

[ac3r]

Have ya'll ever lived in Montréal? Mom n pop landlords are pretty based. I think most people would prefer renting from some down-to-earth people who rent out half a duplex or a converted basement, rather than greedy capitalist slumlords like Vive Development or any of the new, similar local property developers/managers. Or Chinese or Saudi "investors" who can buy up entire city blocks and huge multi-residential towers.

Not all landlords are bad.

[plam]

Have ya'll ever lived in Montréal? Mom n pop landlords are pretty based. I think most people would prefer renting from some down-to-earth people who rent out half a duplex or a converted basement, rather than greedy capitalist slumlords like Vive Development or any of the new, similar local property developers/managers. Or Chinese or Saudi "investors" who can buy up entire city blocks and huge multi-residential towers.

Not all landlords are bad.

It sounds good, but mom n pop landlords can be as racist as the rest of them. Maybe they're slightly less good at extracting the maximum amount of money from tenants (but then again, Quebec also has much stricter laws about rent increases than other places).