3 ms·
I'm missing something here, how do you own multiple homes and not have to pay the vacancy tax? You have to rent them, and at that point they're part of the ren
by eloff 6y ago
I'm missing something here, how do you own multiple homes and not have to pay the vacancy tax?
You have to rent them, and at that point they're part of the rental supply and not contributing to the problem anymore.
- hhjinks 6y agoRental properties absolutely contribute to the problem. I even outlined one of the reasons as to why in the above comment. The problem isn't that housing prices have passed some arbitrary threshold. Rising housing prices and easy profit from buying up property and renting it out eventually leads to neo-serfdom with the non-property-owning class being locked to renting for life. Moving property ownership to the people who want to live there is by definition part of the solution, and you don't own a property you rent.
- eloff 6y agoYeah, that's true. I suppose I wouldn't be stuck renting if homes were the price they are in Calgary.