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This makes home ownership more affordable. Anyone want to rent? Well, your market just got a lot smaller.

• kennywinker 5y ago
  Landlords don't provide housing, construction workers do. Build houses, let people own them. For every 1 person who buys a vacation property, there'll likely be 10 who buy a second rental income property anyway, so I doubt that this would actually make renting that difficult.
  • Guzba 5y ago
    Hm, I get your point but you've never wanted to live somewhere for just a few years? Renting is great for many circumstances. Huge transaction fees and risks related to owning are not great if you're not looking to settle down longer-term. The idea this need is covered by a bunch of people owning just one property seems stretched. What is truly wrong with meeting a need more efficiently?
    • kennywinker 5y ago
      I feel pretty confidant that the ability to move somewhere for a couple years would be safe. Rental markets can be handled by multi-tenant housing (suites and laneway houses), shared living spaces, socialized student housing, and private second home rentals, and of course just buying a house for a couple years... > Huge transaction fees and risks related to owning When houses cost millions, yes this is true. But if we got house prices down to an actually affordable level, this would not be such a concern. If I decided today to move to winnipeg for a couple years, houses are so cheap (at least compared to what I'm used to) that I'd strongly consider just buying a house or a condo for the time I was there.
• libertine 5y ago
  Well I guess the question should be: how many people are being forced to rent when they'd prefer to buy an house?
  • nitrogen 5y ago
    Quite a few, I'd guess.