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Posts Tagged ‘rent’

“renter rip-off”

In City, Criticism, Financial, Fresh, Personal on October 25, 2010 at 9:16 AM

The price of rents is a hot issue in Toronto as there are very few vacancies these days. For those of us that live in big rental complexes, you know, those old tall buildings with an always absent superintendent and strangers loitering in the front lobby, there is a coalition of concerned citizens that has formed a simple and pointed campaign at reducing rents: Fair Tax Fair Rent

I believe that this proposal would work, and generally speaking I get excited when “concerned citizens” want to take control of such an important thing such as the price of rents, but there is a huge flaw in the proposal.

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On the Fence

In Criticism, Financial, Fresh on October 19, 2010 at 1:22 PM

First, click on this and read the headline.

Then, click on this one.

The same newspaper on the same date, the same source for the article, roughly the same content – yet two distinct headlines. This, from the leading business newspaper in Canada. In one of the articles, it goes on to explain that the buy/rent ratio is probably not even that meaningful, and difficult to compare over time since rent controls affect how much rents can go up while housing remains in a free market.

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