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Old 10-20-2014, 12:18 PM   #28
Dion
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Join Date: Mar 2006
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Originally Posted by llwhiteoutll View Post
Pricing at a market rate is not gouging. Investors are not in business to minimize their return and any investor that does is total moron. You can't honestly say that if you had place where renting it for a $1000 covers your cost with a small profit (maybe $100) could be rented for $2000, you wouldn't rent it for the higher amount. At the same time, if the landlord had to rent it out at loss, the same people complaining right now would be laughing about how the greedy landlords are getting what they deserve.

Right now the market rate is high partly because of policies that Nenshi himself and city council are pushing. If they approved development permits and didn't try to push a higher density kind of living only, there would be more housing available on the market.

Basically Nenshi wants landlords to help him run a social program at their detriment. Why isn't he telling people to live where they can afford to or life within their means?
I don't think it's always that simple. Other places may have more affordable rentals but no jobs. People will gravitate to places where the jobs are.

As for living within their means, many working Calgarians are living in homeless shelters while others are struggling just to pay food, rent and utilities. Wages for the most part have not kept up with the high cost of living in Calgary.

Another factor is that gap between those who are profiting off the oil and gas and the rest of the population has widened. House prices are rising faster than alot of peoples incomes making a home purchase beyond thier reach.
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Last edited by Dion; 10-20-2014 at 12:21 PM.
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