this post was submitted on 06 Sep 2023
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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.

β€œWe 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] 3 points 1 year ago* (last edited 1 year ago) (1 children)

Because people need housing to live in, so it's in the interest of the vast majority of people to make sure the few that own property can't increase rent by 100s of % for no good reason. Additionally we live in a democracy so usually the interests of the majority are supposed to guide policy making even if it upsets the minority that control access to resources because they won't profit quite as much as otherwise.

[–] [email protected] -3 points 1 year ago (1 children)

Is there anything holding them back from buying their own property and not having to pay rent?

[–] [email protected] 3 points 1 year ago (1 children)

Yeah they are not rich you asshole.

[–] [email protected] -1 points 1 year ago (1 children)

Didn't know you had to be rich to buy property, my bad

[–] [email protected] 2 points 1 year ago (1 children)

You do in Toronto. Average home is over a million dollars.

[–] [email protected] -1 points 1 year ago

Well they can live somewhere else right? You have to pay for convenience, can't have your cake and eat it too.