647
'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month
(toronto.ctvnews.ca)
this post was submitted on 06 Sep 2023
647 points (97.0% liked)
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This really depends. If the building is rentable for 5000 than it is. Like it or not.
If 2500 was reasonable back then, then it still is reasonable right now.
Unless gigantic upgrades were performed to the house that warrant a 1000 price hike, which I highly doubt.
Just because the market is fucked doesn't mean you get to make the market even worse.
Except the price of food building materials renovation costs went up by about 100% where i live realistically. So a landlord isn't going to just take the fact that their 2500 whatever is now only worth 1700 whatevers.
This isn't living with ones own choices. This is having others choices thrust into you and having to deal with their greed.
I'm certain there are a lot of good options otherwise
having no rent control is never reasonable. People only accepted places without rent control because all other options are shit too
You like profiting from others misery. It's not illegal and it's not generally even frowned upon but it's still shitty and you have to own it
You forgot to add an overly pretentious "like it or not" at the end of your reply.
You realize that there's people living in these apartments right? You know there's a housing crisis right now that's fueled by housing investors from all over the world and shit like Airbnb and corporate greed, right?