Quote:
Originally Posted by Hesla
Yeah ... Nenshi is in the wrong here and usually i find myself agreeing with him.
I took a loss on my rental condo for 3 years and now i have a very small gain based on the market value of my area. My rent in 4 years has gone up on average $50 / year.
Is this gouging ?
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No it's not. So, he wasn't talking about you.
Just because you're not the type of landlord he was talking about doesn't mean that those types of landlords don't exist.
The thing is, if you are an "ethical" landlord, you should be standing behind his statement as much as anyone because those "unethical" landlords are the ones who cause stricter laws to be implemented. Stricter laws are not necessarily in your best interest.