Quote:
Originally Posted by Great68
Sorry but we do not need a social safety net for people holding secondary properties. If enough people truly do need to sell their secondary units because they can't afford to rent them out, then that's a net positive as more units return to the market and prices reduce. Win Win.
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It is not a safety net for owners of secondary properties -- that prospect of profit is the incentive you need to entice people into becoming landlords so that rental units can be provided by the private sector. When there is no rental supply or low rental supply, the cost of rent will only go higher. And then it's a lose-lose situation for everyone involved.