Quote:
Originally Posted by Great68
I have no sympathy for holders of secondary properties whining about being unable to afford them due to rents being too low.
Sell it then, let it go back into the housing market. Simple as that.
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The reality is -- society needs landlords because not everyone can afford to or wants to be home owners. When the gov isn't willing to step in to take on that landlord role (by providing public housing), you can only rely on the private sector to fill that gap.
But the private sector only responds to (financial) incentives. When there are no incentives to pursue landlordship -- the current GICs offer a far better return than renting without any of the hassle -- the private sector will not jump in. So where do you get the rental supply that society needs?