Housing Affordability and the Ethics of being a landlord
Intro I've been having many conversations about housing over the last 6+ months with people with many different beliefs. I want to share my feelings here and I invite constructive feedback if you have carefully considered my positions. I fully admit that my solutions may not be perfect but if we can agree on a premise then we can move forward. The Problem The first step to solving any problem is admitting you have one. Some stats: Avg home price in Canada: $716,000 in March 2021 1 in 10 households in core housing need (that's 1.6 million homes) https://www150.statcan.gc.ca/n1/daily-quotidien/201002/dq201002a-eng.htm 20% of all homes are bought by investors & prices up 38% in ONE year: https://www.theglobeandmail.com/business/article-investors-account-for-a-fifth-of-home-purchases-in-canada-are-they “With the country’s rental vacancy rate below 3 per cent and an affordable housing crisis raging across the country, rental homes have become coveted ass...