Toronto City Council Votes to Challenge Bill 184
More stupidity from Toronto spearheaded by the idiotic usual suspects like Wong-Tam, Gord Perks, and our politically correct, vote pandering Mayor, John Tory.
Jul 30th, 2020 9:22 am
Jul 30th, 2020 10:20 am
Jul 30th, 2020 12:30 pm
Jul 30th, 2020 12:53 pm
Jul 30th, 2020 12:56 pm
True and a lot of people think like you, this is why they deserve to be rent for life so fairness is being balanced out in our society. You don't own your place, you don't deserve to get the equity gain as simple as that.
Jul 31st, 2020 6:43 am
He is not representing his constituents, he is selling out to a minority of vocal leftists that would handcuff and take all landlords to jail if they could. Tory is a weak weak unprincipled man.sircheersa wrote: ↑ And they will lose again. This is just a waste of tax payer dollars for optics. Landlords are about to have more rights, about time. I don't really blame Tory, he is just representing his constituents and this is what they want. If anything he is just going through the motions and doesn't actually do anything to help them.
Jul 31st, 2020 6:44 am
Jul 31st, 2020 9:13 am
Nah, he just wants the protesters to stop showing up at his condo. It's a really nice place and his neighbours probably hate him now.
Jul 31st, 2020 9:15 am
Jul 31st, 2020 9:51 am
Jul 31st, 2020 11:17 am
Jul 31st, 2020 11:39 am
and how many condo owners want to do that? im going to vote not many....choclover wrote: ↑ I heard on Twitter that Toronto City Council is voting on a motion to bail out AirBnB hosts by using their properties for long-term rental purposes for low income families. I couldn't find the exact tweet to attach but I believe they are voting on it very soon as it as being voted on as a motion shortly. Is this related to Bill 184 or is that something different?
Jul 31st, 2020 11:45 am
I would rather sell it at a loss than renting it out as a loss. Renting out to low income people = gifting your investment to charity
Jul 31st, 2020 11:47 am
But, how is this going to work? Is the government going to force you to rent your condo to these people?
Jul 31st, 2020 11:51 am
they cant force anything, they are gonna make a rent offer to owners , low income familes get subsidized of course....
Jul 31st, 2020 11:51 am
Jul 31st, 2020 11:53 am
My guess is the government will waive your rental income on your tax return if you are willing to rent out to these people, however there is no guarantee that you can collect rent successfully from these people.
Jul 31st, 2020 12:23 pm
There is a difference between owning and living in their primary residence and deciding to buy investment units and become a landlord.
Jul 31st, 2020 1:21 pm
Jul 31st, 2020 1:55 pm
This is such a small thing to say. You'd make sense if the government was prdoducing enough rental housing to supply demand...but they're not. Landlords are actually helping the government from not having to build housing. But you are so bitter and resentful, you can't even see the bigger picture. We are headed down a really bad path. If there was no rent control, landlords would be able to take the hit short term and house people at reduce rent...but now that reducing rent means you are stuck for however long the tenant wants, and you can't evict because the government has basically taken over private property, what do you expect? I know several landlords that are leaving their properties empty and are taking the hit because the rules are insane and are going to get even worse. So sell the properties you say? How does that help renters? THINK beyond your own resentment.JanZ95915 wrote: ↑ There is a difference between owning and living in their primary residence and deciding to buy investment units and become a landlord.
Not everyone who despises greedy landlords is a "rent for life" kind of person.
Don't like the risk and the possibility that the government puts in rules that work against you? Well, choose a different investment vehicle.