Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Nenshi stirs up a hornets nest with his landlord gouging comments

ranchlandsselling · 10-21-2014, 11:10 AM

This is unbelievable what some people are posting, just complete ignorance.

Part of the problem is property hording? Hording of properties? Which drives up the cost of owning a home? How? If the unit is then rented out it provides something this city is in need of. Hoard means to amass and hide or store away, which makes no sense as that’s not what’s happening.

Someone else said renting out a house is for living in, and theorized that the landlord shouldn't make too much money because they're essentially being paid to own something. Land and a building, they get to own it, so why should it also cash flow when someone else needs it to "live"?

Shouldn't make profits when times are good? Really? I hope anyone that thinks that has never accepted a bonus at work and if they did walked it back to their customers.

Being a landlord involves a ton of work, a lot of capital risk and sometimes very little return. Some of these people are just like the ones doing the criticizing. Taking some risk, working hard trying to run a business so they can put food on the table for their families and a place to live.

Apparently:
Step 1 - become landlord
Step 2 - screw poor people
Step 3 - insane profits

Rents go up because of demand and supply. Yeah, rents are sticky on the way down, but generally because rents increase with inflation, and inflation is the norm.

If the landlord charges too much, and the tenant bolts down the line because of it, that's on the landlord. All landlords have an incentive to maximize profit while taking the least risk possible. You don't gouge your tenant because that tenant will leave; if someone else will gladly replaces the tenant at that rental rate then you're not gouging anyone it’s the market rent. If you treat your tenants like crap and they keep leaving you’re not going to do as well as if you had treated them a bit better and had less turnover.

The stories of slumlords and bad landlords are anecdotal and likely just as common as bad tenants. I’d argue there are probably more bad tenants than landlords. At least the landlord is rewarded for long term thinking, the tenant isn’t. Recourse to tenants is much more difficult than landlords.

Another quick search on rent faster between $800 - $2,000 shows 2,384 listings. The majority in the $800 range are basements, bachelor or one bedroom suites. A few shares accommodations but they look like ok places.

Actually within that 2,384 there’s only 318 shared, 755 apartments, 291 basements, 915 condos, 137 duplex, 810 house, 9 loft, 171 main floor, 380 townhouse.

10-21-2014, 11:10 AM	#94
ranchlandsselling Powerplay Quarterback Join Date: Jan 2011 Exp:	This is unbelievable what some people are posting, just complete ignorance. Part of the problem is property hording? Hording of properties? Which drives up the cost of owning a home? How? If the unit is then rented out it provides something this city is in need of. Hoard means to amass and hide or store away, which makes no sense as that’s not what’s happening. Someone else said renting out a house is for living in, and theorized that the landlord shouldn't make too much money because they're essentially being paid to own something. Land and a building, they get to own it, so why should it also cash flow when someone else needs it to "live"? Shouldn't make profits when times are good? Really? I hope anyone that thinks that has never accepted a bonus at work and if they did walked it back to their customers. Being a landlord involves a ton of work, a lot of capital risk and sometimes very little return. Some of these people are just like the ones doing the criticizing. Taking some risk, working hard trying to run a business so they can put food on the table for their families and a place to live. Apparently: Step 1 - become landlord Step 2 - screw poor people Step 3 - insane profits Rents go up because of demand and supply. Yeah, rents are sticky on the way down, but generally because rents increase with inflation, and inflation is the norm. If the landlord charges too much, and the tenant bolts down the line because of it, that's on the landlord. All landlords have an incentive to maximize profit while taking the least risk possible. You don't gouge your tenant because that tenant will leave; if someone else will gladly replaces the tenant at that rental rate then you're not gouging anyone it’s the market rent. If you treat your tenants like crap and they keep leaving you’re not going to do as well as if you had treated them a bit better and had less turnover. The stories of slumlords and bad landlords are anecdotal and likely just as common as bad tenants. I’d argue there are probably more bad tenants than landlords. At least the landlord is rewarded for long term thinking, the tenant isn’t. Recourse to tenants is much more difficult than landlords. Another quick search on rent faster between $800 - $2,000 shows 2,384 listings. The majority in the $800 range are basements, bachelor or one bedroom suites. A few shares accommodations but they look like ok places. Actually within that 2,384 there’s only 318 shared, 755 apartments, 291 basements, 915 condos, 137 duplex, 810 house, 9 loft, 171 main floor, 380 townhouse.