10-20-2014, 05:45 PM
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#61
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Powerplay Quarterback
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Quote:
Originally Posted by Dion
If you have a property that's mortgage free and you choose to jack rents like everyone else, I would call that gouging.
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Why? How does that make any sense?
Two houses side by side, one has a $200k mortgage the other is clear title.
One should rent out for $400 less than the other?
If rental of a SFH is $2,000 per month, one should be $2,000 the other $1,600 simply because the person has no debt?
What if they bought it with cash, shouldn't they be entitled to earn a better yield on that cash than ($1,600 x 12) / cost of house?
Just a bad argument.
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10-20-2014, 05:57 PM
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#62
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In the Sin Bin
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Quote:
Originally Posted by photon
Maybe, but is that wrong? All business is about taking advantage of someone to some degree.
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http://www.cbc.ca/news/canada/calgar...ging-1.1348878
Were the business owners in this story in the wrong?
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10-20-2014, 06:12 PM
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#63
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Lifetime Suspension
Join Date: Jan 2010
Location: Calgary
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That would be funny if someone made a "What I really do" Meme for Landlords.
What my friends think I do (Insert Photo)
What my mom thinks I do (Insert Photo)
What Renters think I do (Insert Photo)
What Nenshi thinks I do (Insert Photo)
What I really do (Insert photo)
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10-20-2014, 06:28 PM
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#64
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Not a casual user
Join Date: Mar 2006
Location: A simple man leading a complicated life....
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Quote:
Originally Posted by ranchlandsselling
Why? How does that make any sense?
Two houses side by side, one has a $200k mortgage the other is clear title.
One should rent out for $400 less than the other?
If rental of a SFH is $2,000 per month, one should be $2,000 the other $1,600 simply because the person has no debt?
What if they bought it with cash, shouldn't they be entitled to earn a better yield on that cash than ($1,600 x 12) / cost of house?
Just a bad argument.
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Okay I see where you are coming from. It's a free market and yes landlords are free to charge what the market will bear
If I was to be clearer I would have put my comments as an ethical issue. Especially with what I have seen and heard in High River since the flood.
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10-20-2014, 06:31 PM
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#65
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Not a casual user
Join Date: Mar 2006
Location: A simple man leading a complicated life....
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I should add that the PC governemnt to it's credit bought a condo buildng here in High River and moved the residents from the Saddlebrook flood trailers into these units. I hear it's going to be used as affordable housing in the future.
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10-20-2014, 07:10 PM
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#66
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Lifetime Suspension
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Quote:
Originally Posted by 1stLand
That would be funny if someone made a "What I really do" Meme for Landlords.
What my friends think I do (Insert Photo)
What my mom thinks I do (Insert Photo)
What Renters think I do (Insert Photo)
What Nenshi thinks I do (Insert Photo)
What I really do (Insert photo)
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10-20-2014, 07:26 PM
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#68
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RANDOM USER TITLE CHANGE
Join Date: Jan 2010
Location: South Calgary
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So, rent freeze then?
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10-20-2014, 07:37 PM
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#69
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#1 Goaltender
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Quote:
Originally Posted by albertGQ
Maybe he and city council can help out a bit and stop gouging home owners with large property tax increases.
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Didn't some survey this summer show that Calgary has the lowest property tax in the country?
Not saying I want to pay more.
But good government spending can have allot more impact than an individuals dollars. Say we all paid a 100 more per year, and the city found a way to use the money for infrastructure to save us all 1 minute / day commuting. That would equate to 9 hours of driving each year, or allot more than $100 / year in Gas.
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10-20-2014, 07:39 PM
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#70
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The new goggles also do nothing.
Join Date: Oct 2001
Location: Calgary
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Quote:
Originally Posted by Resolute 14
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Depends on how you define wrong, that's why I was asking the question. It's only a quantitative difference, not a qualitative one, which makes the line more difficult to define.
Plus a natural disaster is probably viewed differently by most people.
Quote:
Originally Posted by Harry Lime
Is it immoral? Sure.
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How (honest question)?
__________________
Uncertainty is an uncomfortable position.
But certainty is an absurd one.
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10-20-2014, 07:59 PM
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#71
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First Line Centre
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I think what Nenshi was trying to say is that landlords shouldn't take a boom in property prices as a justification to jack up rents 20-30% for no other apparent reason. He could have said it better but the message seems reasonable
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10-20-2014, 08:17 PM
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#72
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Powerplay Quarterback
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Quote:
Originally Posted by Calgary14
I think what Nenshi was trying to say is that landlords shouldn't take a boom in property prices as a justification to jack up rents 20-30% for no other apparent reason. He could have said it better but the message seems reasonable
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I'd be willing to bet that when the market corrects itself and the shoe goes back on the other foot, renters won't care if the landlord is taking a loss.
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10-20-2014, 09:25 PM
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#73
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Franchise Player
Join Date: May 2004
Location: Marseilles Of The Prairies
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Quote:
Originally Posted by llwhiteoutll
I'd be willing to bet that when the market corrects itself and the shoe goes back on the other foot, renters won't care if the landlord is taking a loss.
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If you're a landlord and operating a technical loss (that is, you are literally spending more cash to keep the place from being boarded up than you make in equity/cash) you probably shouldn't be a landlord.
It's like people think equity isn't worth anything.
"You're paying for me to own a piece of property along with the building on it, you should be paying me more than that you horrible scrubs."
__________________
Quote:
Originally Posted by MrMastodonFarm
Settle down there, Temple Grandin.
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10-20-2014, 10:13 PM
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#74
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Not a casual user
Join Date: Mar 2006
Location: A simple man leading a complicated life....
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Quote:
Originally Posted by Frank MetaMusil
So, rent freeze then?
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Prentice said it's not going to happen.
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10-20-2014, 10:16 PM
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#75
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Not a casual user
Join Date: Mar 2006
Location: A simple man leading a complicated life....
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Quote:
Originally Posted by llwhiteoutll
I'd be willing to bet that when the market corrects itself and the shoe goes back on the other foot, renters won't care if the landlord is taking a loss.
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Or they might think/say you made your profits for a number of years and you should have set aside funds for times like this. It's no different than workers putting money aside (rainy day funds) for possible disasters like layoffs and unemployment.
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10-20-2014, 10:34 PM
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#76
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#1 Goaltender
Join Date: Feb 2012
Location: Calgary
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I am getting gouged on downtown parking as a result of city policy. Discuss.
__________________
From HFBoard oiler fan, in analyzing MacT's management:
O.K. there has been a lot of talk on whether or not MacTavish has actually done a good job for us, most fans on this board are very basic in their analysis and I feel would change their opinion entirely if the team was successful.
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10-20-2014, 10:38 PM
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#77
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Franchise Player
Join Date: May 2004
Location: Marseilles Of The Prairies
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Quote:
Originally Posted by Fighting Banana Slug
I am getting gouged on downtown parking as a result of city policy. Discuss.
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Carpool or take transit or bike or hitchhike. Then yer not payin' crap.
__________________
Quote:
Originally Posted by MrMastodonFarm
Settle down there, Temple Grandin.
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10-20-2014, 11:49 PM
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#78
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damn onions
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Agree with PsycNet. The difference in the 'operating at a loss' as a landlord and therefore justifying max profits when times are good, is that the principle of the landlord / tenant relationship is a home to live in. Given that shelter is a basic necessity, it does start to get outside the ethical grey area when all the rents are jacked up to unaffordable levels. I don't think anyone would argue that costs should be recouped and maybe a little profit made, but the criticism here and the key wording is gouging.
Nobody forced you to own a property and rent it at a loss even though you were in fact building equity. Similar to NHL owners, sometimes they'll operate their franchises at losses knowing that the equity from purchase to sale may outweigh the money lost year over year and they'll be in good shape.
Gouging is the problem... if it wasn't a basic necessity it may not be a problem but when housing is scarce, what people are now forced to barely afford their power bill just so they have a home to live in because you made a questionable investment decision and lost money years ago?
However, I do totally agree with the main theme of that article countering Nenshi. It is partially on the city to provide cheaper housing and not every fataing area of the city needs to be revitalized and fancy.
Last edited by Mr.Coffee; 10-20-2014 at 11:51 PM.
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10-20-2014, 11:53 PM
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#79
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damn onions
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Quote:
Originally Posted by Fighting Banana Slug
I am getting gouged on downtown parking as a result of city policy. Discuss.
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the difference being of course that you have city provided alternatives. Bike paths to the core, bus, CTrain... taxi...
if there are no alternatives to an affordable home because every Tom Dick and Harry is a Donald Trump, I think that's the issue.
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10-21-2014, 12:16 AM
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#80
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First Line Centre
Join Date: Feb 2013
Location: Field near Field, AB
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City services have to operate at a cost. They aren't free and the people that operate them have to earn a living. Same with City parking. These are shared community resources.
Is it to be that rental properties are that of the City to be shared? When tax rates are increased and cost of ownership of rental properties rises by the City Tax regime it's not to be passed on to the end renter with the expectation of a market rate profit for the effort?
While gouging does occur is it not the landlord that ultimately have to deal with a tenant that cannot pay or is in default for many months. Also, the market moves in sync with demand. Isn't it a gouged tenant gouging or being overpaid by what he provides to society? Shouldn't the wage be controlled along with the rent. Also, why stop there when we can control diet.
Now when we talk about the impoverished, mentally ill there is a difference. That's where we decide to come together as a society and a city and decide what our standard will be for the basic necessities. It would be my choice to look after these people as a cost for moral and ethical issues.
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