NDP rent control

[Fisherpeak]

Originally Posted by mich

Greedy landlords????? Our taxes jumped over 30% per year for several years in your area

I`m guessing Inveremere? Or Calgary west as we call it. If you are a full time resident here you get a tax break. Ours have barely increased over 12 years in Kimberley. If you are and absentee out of province then the city screws you.Specially in Calgary west. two thirds of the houses are owned by Albertans, that`s why the town does it.

[fish_e_o]

Originally Posted by expmler

Why should the gov't protect business but not consumers?

where do consumers come from?

pretty bad consumer without making any money

[fish_e_o]

Originally Posted by rugatika

https://www.youtube.com/watch?v=R3zvJe3Koyw
https://www.youtube.com/watch?v=BlkQRGZEycI

well currently businesses in China are government subsidized and aren't playing with the rules we are. it's predatory pricing and i believe we should protect our selves or else we'll lose the ability to do everything and not have the assets in place to hold our own when they start jacking the prices.

[Wild&Free]

I've always wondered what the ratio of rental properties to non rental properties were in the city.

It seems to me that those who are going the route of having multiple rental properties are inflating values to the point it's very challenging to compete without the equity of a home behind a buyer.

another interesting statistic would be the number of first time buyers outbid by a rental property buyer, and how many times.

[Okotokian]

hey, if minimum wage folks are going to get a 50% increase they can afford more rent.

Seriously now, I believe there is a dearth of affordable housing for lower income people. But rent controls aren't going to fix the problem. They are going to distort the scene, with some people willing their low rent-controlled suite to their descendants, with new entrants to the rental market being out of luck. Builders won't build new rental units.

A better idea would be to find ways to encourage new construction of affordable housing. Short term tax breaks, put banks of land together, zone more for lo income, etc. Heck, support Nenshi's plan on secondary suites. And it's really only needed in Calgary and Edmonton.

[rugatika]

Originally Posted by Okotokian

hey, if minimum wage folks are going to get a 50% increase they can afford more rent.

Seriously now, I believe there is a dearth of affordable housing for lower income people. But rent controls aren't going to fix the problem. They are going to distort the scene, with some people silling their low rent-controlled suite to their descendants, and new entrants to the rental market being out of luck.

A better idea would be to find ways to encourage new construction of affordable housing. Short term tax breaks, put banks of land together, zone more for lo income, etc. Heck, support Nenshi's plan on secondary suites. And it's really only needed in Calgary and Edmonton.

Clearly, landlords are taking advantage of poor innocent people. Once again, the rich are keeping the poor down. If you own a second property, the government should tax that property away from you and give it to the more needy. Impose a 100% of value tax on all rental properties. Problem solved by a progressive tax on the wealthy, the very foundation upon which civilized civilizations are based. I doubt it will have any affect on anything, and anyone that says any different are just whining and fear mongering.

[Redfrog]

Originally Posted by rugatika

Clearly, landlords are taking advantage of poor innocent people. Once again, the rich are keeping the poor down. If you own a second property, the government should tax that property away from you and give it to the more needy. Impose a 100% of value tax on all rental properties. Problem solved by a progressive tax on the wealthy, the very foundation upon which civilized civilizations are based. I doubt it will have any affect on anything, and anyone that says any different are just whining and fear mongering.

This is the type of plan some African countries have and are implementing. Takes the farms from the folks who have run them successfully for a couple hundred years and turn them into ghetto farms.

I do not deny that some land lords are nasty bits of work, but it often isn't hard to spot the low cost housing projects or residential rental properties, regardless of who or what the landlords are.

[Okotokian]

Originally Posted by rugatika

Clearly, landlords are taking advantage of poor innocent people. Once again, the rich are keeping the poor down. If you own a second property, the government should tax that property away from you and give it to the more needy. Impose a 100% of value tax on all rental properties. Problem solved by a progressive tax on the wealthy, the very foundation upon which civilized civilizations are based. I doubt it will have any affect on anything, and anyone that says any different are just whining and fear mongering.

Not sure where you are coming from Ruga. I didn't suggest taking any punative or restrictive actions against landlords. I talked about encouraging them to build or create more units. And I'm a landlord who hasn't raised the rent to his tenants in three years. But I might now before the government tells me I can't.

[Fisherpeak]

Look, at the end of this talk, one thing remains.
Our kids may never be able to afford to buy a nice house. With real estate getting so expensive because we live in a beautifull and safe country the stuff is being driven too high by outside buyers for a young family to buy anything.
I payed $70,000 for my place, huge corner lot , great house,12 minutes from an international airport and a town of 70,000 , ski hill and 4 golf courses and the best hunting in the land for deer and elk.12 years ago. Now it`s appraised at 320,000. How`s a young couple going to get into a place anymore? Not everybody has a high money job in the patch. Rent to own maybe? 1600-2000 a month rent here. And that`s a mortgage but you better buy smart and hope nothing goes wrong with the house or you won`t have the dime to fix it.

[mich]

Originally Posted by Fisherpeak

I`m guessing Inveremere? Or Calgary west as we call it. If you are a full time resident here you get a tax break. Ours have barely increased over 12 years in Kimberley. If you are and absentee out of province then the city screws you.Specially in Calgary west. two thirds of the houses are owned by Albertans, that`s why the town does it.

Nope, haven't owned up there in years. Across the valley from you

[Fisherpeak]

Originally Posted by mich

Nope, haven't owned up there in years. Across the valley from you

What valley? St. Marys Lake?

[mich]

Originally Posted by Fisherpeak

What valley? St. Marys Lake?

Other way, east

[Grizzly Adams]

Originally Posted by Skybuster

Rent controls aren't a bad thing, keeps owners from making exhoritant increases. No Control works as well, but can be quite an inconvenience for the renter when a rent is increased dramatically. However, just as Fishing mom did, they can move.

I have a rental, I haven't raised the rent in 4 years. Though this year is going to see a 10% hike. Property taxes and insurance has forced this on me. If there was a limit for raising rent I would likely have been raising it for a couple of years already.

Total failure wherever they've been implemented, think there's a rental shortage now, just wait. Typical NDP doctrine, benefits those on the lower income end at the expense of those who have means.

Grizz

[rem338win]

Originally Posted by Fisherpeak

I own my own too.Free and clear. I`m going to buy a rental property and when I do it will be rented out for enough to cover the mortgage, taxes and insurance plus a bit for emergencies.It is an investment for 10 years down the road. Therefore, before you rent you set the rate as high as you can.If somebody wants it then they pay. Increasing rent 10-20-30% a year is just criminal.

Originally Posted by FishingMOM

When vacancy rates are low, and you can't find safe housing, or can't afford to buy, what do you do?
Not everyone has the Luxury of buying a house, sometimes people rent because they can't afford to buy.

Unfortunately you both aren't looking at the bigger picture. I'm a cant afford to buy person, and I am dead set against rent control. It's has driven prices up in every jurisdiction that it has ever been enacted. Salmon Arm BC has rent equally as high as Calgary with an average yearly income of 44,000. They're economy doesn't support it, but because the economy once drove the prices that high and no one will drop them for fear of having to raise them again to get their true market value.
Rent control is a solution to a problem that creates more problems. Let the market dictate direction. Greedy landlords end up with vacant homes. It's not your house it's theirs, and I've always rented like that.

[greylynx]

I really hope rent controls are implemented.

Time for some people to learn a lesson.

[rem338win]

Originally Posted by greylynx

I really hope rent controls are implemented.

Time for some people to learn a lesson.

Shut up and take some ginkgo baloba.

[Mackinaw]

Originally Posted by Redfrog

This is the type of plan some African countries have and are implementing. Takes the farms from the folks who have run them successfully for a couple hundred years and turn them into ghetto farms.

I do not deny that some land lords are nasty bits of work, but it often isn't hard to spot the low cost housing projects or residential rental properties, regardless of who or what the landlords are.

I do not have an extra property that I rent for extra income . Rentals are my income that is where my bread and butter is. When government puts a cap on rents they are in fact putting a cap on my wage. I'm sure there is not to many people here that would appreciate the government telling their employer you can only give your employees a 1.6% raise.

Mack

[sillyak]

How can anyone think rent controls are a good idea?

Landlord jacks up the rent, move out. How is that hard? I've found rentals in oil boom towns, it's not that hard. No rent controls = rentals go for market price. Rent controls = landlords jacking up the rent every year just because they won't be able to do a proper hike if the rental market heats up.

[Big Thumper]

Originally Posted by FishingMOM

I moved to avoid a 17% increase, some of my neighbours were getting a 35% increase.

Our landlord improved NOTHING, Provided no new services.
Took services from us.


My move saves me 7% a month, prior to the rent increase coming into effect.
The move has seen us go from a townhouse in a less than desirable part of town, to a house in a great school district.
We are waking up to ducks and geese not sirens and trains.

So not everyone will see Rent control as a bad thing.

Your statement shows why rent control is not needed....

[Big Thumper]

Originally Posted by FishingMOM

When vacancy rates are low, and you can't find safe housing, or can't afford to buy, what do you do?
Not everyone has the Luxury of buying a house, sometimes people rent because they can't afford to buy.

So you want others to subsidize housing for these people?

[greylynx]

Originally Posted by rem338win

Shut up and take some ginkgo baloba.

Amazing.

[Mackinaw]

Originally Posted by rem338win

Unfortunately you both aren't looking at the bigger picture. I'm a cant afford to buy person, and I am dead set against rent control. It's has driven prices up in every jurisdiction that it has ever been enacted. Salmon Arm BC has rent equally as high as Calgary with an average yearly income of 44,000. They're economy doesn't support it, but because the economy once drove the prices that high and no one will drop them for fear of having to raise them again to get their true market value.
Rent control is a solution to a problem that creates more problems. Let the market dictate direction. Greedy landlords end up with vacant homes. It's not your house it's theirs, and I've always rented like that.

Very well said .....if control is set I will never lower rents again. They are easy to lower but takes for ever to get back to a market value when times are good. Have the same issues in Ont.

Mack

[Big Thumper]

Originally Posted by 79ford

You know.... if greedy landlords werent so greedy the ol gubmint probably wouldnt step in in the first place.

I like how lots say suck it up or move out. What about senoirs? Their income doesnt change, i have watched some relatives get squeezed pretty hard as their income erodes under low rates and higher housing costs.

Trying to make money isn't greed, most everybody does it. If it were that easy/profitable being a landlord then everybody would do it. Its not the landlords responsibility to subsidize seniors.
Hey, you're not greedy, you can start a trust to help pay seniors rent so they don't suffer. Maybe put a few thousand a month into this, every little bit helps.

[Big Thumper]

Originally Posted by expmler

The credit card company is a business just like the land lord. So why is it good that the gov't puts a cap on interest the credit card company charges and not good if they put a cap on the landlords rent increases.

Both make their money charging rent, one on money and the other on property.

What make you think its good the government regulates interest rates on credit cards?

[Big Thumper]

Originally Posted by Skybuster

Good point, forgot about the income taxes.

And the capitol gain tax that will be due when you sell, even if that gain only equals inflation, there will still be tax to pay. Governments makes a ton of money of inflation this way.

[rem338win]

Originally Posted by greylynx

Amazing.

It was a joke. It comes with time.

More ginkgo biloba. You'll remember.