Quote:
Originally Posted by TKB
Couldn’t agree more, the thing people fail to realize is the capital that gets tied up and the risk associated with it. They just think you’re evil and make nothing but money on these poor people renting your house. If it’s so easy to buy investment property’s and make nothing but money, then why don’t these tools crying about them get one of their own?
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Admittedly, many people break even on a rental property as they are mortgaged to the hilt; however, the supposed return is on the increase in the value of the property on sale.
Which is truly a ####ty way to run the housing market. Viewing homes as an investment is what has led to this issue in the first place. Zoning is restricted and new starts are culled because people are worried about the amount of money tied into a property.
Look at all the chuds in BC who cried foul when they restricted short-term rentals. Like somehow we are supposed to care about their investment?