60 Minutes segment of rising rent

greenvale

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I think in urban areas there should be some sort of large scale modern co-op/condo construction that is backed by the federal government.

I don't think private equity of any stripe should be able to own single family homes and probably even smaller commercial and multi-family buildings.

The problem is that so much damage has already been done I'm not sure how you can unwind it.
We need a vacancy tax. I think that would help a lot
 

dora_da_destroyer

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These outside investors are actually driving up the price when they come in with all cash offers sight unseen.
This is a problem too. Government needs to make a tax incentive for people selling residential property to sell to real buyers, not just takes the easy cash deal large investors could offer. If I can pay fewer taxes on my gains, that’s enough incentive to pass up the faster close
 
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