5 ms·

Multiple-property owners are now the largest slice of Toronto home buyers

• Geekette 5y ago
  Non-paywalled version: https://archive.vn/8A9vO https://archive.vn/8A9vO
• samstave 5y ago
  Slumlord V2.0
• WarOnPrivacy 5y ago
  It’s easier for an investor like him to buy an additional property than for a first-time buyer to purchase their own home. In which we learn that purchasing a place to live is heavily stacked in favor of the people who least need it.
• WarOnPrivacy 5y ago
  The 2021 outcome of real-estate investing: Hundreds of applicants for each available rental (news articles & personally witnessed). People w/ cash in the bank have nowhere to go. Low/no available housing means few/no employees. All cash buyers are locking out financed buyers (eg: 1st time) from the market.
• LurkingPenguin 5y ago
  > “Why wouldn’t we take that opportunity? It’s not up to the people to stop their growth as businessmen. It’s up to the policies to protect people, and to protect affordability.” While it's true that real estate investors like this one aren't doing anything illegal, it's also evident that this "sucks for you but I got mine" mindset isn't going to lead anywhere good for society.