this post was submitted on 06 Sep 2023
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635
'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month (toronto.ctvnews.ca)
submitted 2 years ago by [email protected] to c/[email protected]
313 comments fedilink hide all child comments
 

The landlord had told them he wanted to raise the rent to $3,500 and when they complained he decided to raise it to $9,500.

“We know that our building is not rent controlled and this was something we were always worried about happening and there is no way we can afford $9,500 per month," Yumna Farooq said.

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[–] [email protected] 2 points 2 years ago (3 children)

Before I took economics in college I would have downvoted you. Price ceilings don't solve the problem.

[–] [email protected] 2 points 2 years ago* (last edited 2 years ago)

Before I took economics in college I would have downvoted you.

Now that you have studied economics, what do you think he got wrong that keeps you from pressing the "This is factual" button now?

[–] [email protected] -3 points 2 years ago

It's funny, somehow I managed to understand this before any college. Because supply and demand are supposedly quite intuitive.