Quote:
Originally Posted by Huntingwhale
I don't see anything wrong with what Nenshi said. He's just saying what thousands of renters in this city feel... .
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I see a huge wrong in Nenshi saying that. That's the problem with Nenshi on and on and on again. Populism is not good government, never is. Provision of subsidized housing options is up to the City of Calgary with the funding assistance from the Province. Period. He has ZERO stance criticizing landlords, not in the anecdotal sense nor in general, as he did last week. The City does not help landlords, nor does it help renters; therefore, it has no right to offer opinions on what's fair and what's not fair. Especially, so blatantly wrong and broad brush opinions.
Most landlords are buying properties with a 25-yr mortgage and returning 5% on their investment capital after all expenses paid. This is not gouging anyone. They are just trying to keep up with the market and costs of property holding. Are there bad landlords? Yes, just like there are bad teachers, doctors, lawyers, engineers, developers, city workers etc. It is not Mayor's job to profess casual accusations against industries. His job is to lead City Council in achieving good municipal governance, which he has not been very good at so far, unfortunately.