“Does the ?Left want less rental housing...?”
Yes- less privately funded rental housing anyway. Taxpayer funded housing is what they want.
Tack on fees, starting with a monthly inspection fee of $100 if you don’t get the whole deposit up front or to keep the gov’t from forcing Sec 8’s on you w/o paying for their damage. Everyone else adds “fees” now—lawyers, airlines, banks, utilities, telecoms—why not landlords?
All that will do is motivate the landlord to increase the rent to cover the additional risk.
Security deposits have been illegal in Ontario for years. Any deposit taken must be for last month’s rent. If you have a problem with the state of the apartment when a tenant leaves, you must take it to court. I used to be in property management, and most of the time it’s just not worth it.
Plank #1 of the Communist Manifesto: Abolition of private property rights.
lived at same address for number of years
Every time jack up rent, increase security depoosits
Have thousand in escrow account doing nothing
lived at same address for number of years
Every time jack up rent, increase security depoosits
Have thousand in escrow account doing nothing
Alternatives should be offered. And if landlords don’t offer them, then the law has to step in.
the only reason that landlords are asking for double security deposit, is that the states stopped permitting them to ask for last months rent.
The attack on landlords is causing many to leave the business. I would expect their to be fewer and fewer homes for rent. Liberal governments see all landlords as bad people who take advantage of poor tenants. When in fact it is more and more the other way around. And it is always the landlords who pay the price.
How about that same government giving mandatory classes to prospective renters on how to live like normal humans .... taking care of it like it was your own.
The only other income I have is Social Security.
The state would not allow me to collect any of the unpaid rent or damages. They have made me "real estate poor."
Who do these legislators think they are representing when their laws and taxes obfuscate any sense of trying to structure a fair deal for the owner. The only people that can begin to make a profit are the property management corporation that have hundreds of units and a bevy of fearsome lawyers.
Security deposits have nothing to do with rent increases. They help keep rent lower. If law makers want to see rent increase even more, just do away with security deposits.
This is an example of showing how law makers don’t have any common sense.
When I was looking for my last apartment, one building required an application fee, first and last up front and a one month security deposit plus a “non refundable damage deposit” for the elevator and a parking permit fee of $50 to get the decal.
I told the person, it I had that much cash, I would put it down on a condo and walked out.
I ended up renting a place that only required one month up front.
The days of first, last, etc, are long gone unless you are renting from a personal owner or a house.
But, I suppose if you own a rental income house, you deserve to have ingrates and dirtbags come in, trash the place, and leave you with the bill? Because? Rich. White.
If the State forces landlords to rent to people too impulsive to save up two months rent, housing will get scarcer, more expensive and both.
This is a prime example of democrats not understanding incentive patterns... It’s this pattern of shallow ‘feeling thinking’ that’s the reason democrat cities are filled with homeless drug addicts pooping and living on their streets.
Stuck on stupid - - it’s ‘the democrat way’...
If the State forces landlords to rent to people too impulsive to save up two months rent, housing will get scarcer, more expensive and/or both.
This is a prime example of democrats not understanding incentive patterns... It’s this pattern of shallow ‘feeling thinking’ that’s the reason democrat cities are filled with homeless drug addicts pooping and living on their streets.
Stuck on stupid - - ‘the democrat way’...