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Not really: > While most owners contacted by CTV News said they don’t want groups renting out the homes, the rentals present a cheaper housing alternative for
by 781 8y ago
Not really:
> While most owners contacted by CTV News said they don’t want groups renting out the homes, the rentals present a cheaper housing alternative for students and young professionals.
Huge mansions rented to a single person.
- mandelbrotwurst 8y agoMany have roommates. From the article: "these rentals offer a single room in a multi-bedroom house for anywhere between $700 and $1,500"
- klyrs 8y agoSpeaking as somebody who works in tech and can't afford to live in the city... this is hilarious. If I could afford rent at $6k/mo, I'd just buy myself a 3br fixer-upper for a million bucks. Are these investers going to hold out for unicorn "stupid rich" renters?
- mattnewport 8y ago> But these rentals offer a single room in a multi-bedroom house for anywhere between $700 and $1,500 I read this with your quote as saying they don't want to rent to groups of students who already know each other, presumably because they don't want their luxury mansion turning into a frat house cum party pad and possibly getting trashed. They are renting rooms out to multiple individuals who are sharing the properties however.
- skybrian 8y agoIt's a start. I doubt this is the steady state. I would expect fewer restrictions and higher rents as word gets out, the owners get more comfortable renting, and they find tenants they like.