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Imo, removing strata rental restrictions is one of the only and quickest ways to take stress off of the rental market within a shorter timeframe. The solution isn't to simply just build more homes to solve overall housing affordability
Those new build rental market homes being touted in the media and city officials may be rent controlled but are still initial being offered at only slightly less than these currently insane market rates. Individual owners that own older units tend to be more realistic in terms of what they can rent for and less selective if the market is at normal levels.
I briefly managed a new affordable housing program for some new builds. Without saying too much, the system seems to be a bit stacked against people that are genuinely low-income, esp if they have a bad credit score. Any new affordable units coming online will never be really be affordable or even easily attainable for truly low-income individuals
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