Quote:
Originally Posted by peter12
Yeah, well, by moving here, I basically understood that, barring a giant disaster, I will never own a place. That is just the reality for now.
It's just about a place to live, and not using real estate as an investment tool. That is nutcase thinking, and is what is basically driving these out of control costs.
That said, I would not be closed off at all to some kind of rent control.
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Even rent control is pretty reasonable here with rent increases being capped at 6% annually. BC's Residential Tenancy Act is generally more favourable to tenants than those in other provinces (Alberta's is pretty bad in this regard). Something I would like to see, but I think has to be done at the municipal level is removing the ability for landlords to flat-out ban pets, especially in apartment and condo complexes. I totally understand size and noise restrictions or, in the case of basement suites, the upstairs owners having allergies, but no pets policies are unnecessarily restrictive and are also leading to a surge in people abandoning their animals to various adoption agencies and animal control services.