Canada Housing

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Share news and updates about housing in Canada. We are mostly buyers eager to change the rigged system that ensures double-digit increases year-over-year. We want housing prices to rise, but in line with wages and inflation.

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MysteriousSophon21

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Should be as simple as that (lemmy.world)

submitted 1 year ago by MysteriousSophon21 to c/canadahousing

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[–] Badass_panda 4 points 1 year ago (1 children)

OP didn't say that, the pic says corporations shouldn't be allowed to purchase housing

So if I own a house on 10 acres that's zoned residential, a real estate developer can't buy it and put up 10 houses?

If a property is condemned, hugely dilapidated, etc ... A contractor can't buy it with his LLC, fix it up, and sell it?

This is a solution that attacks something that isn't actually contributing to the problem, in such a way as to exacerbate the problem. That's ... Not a solution.

[–] Tavarin 3 points 1 year ago

A contractor can’t buy it with his LLC, fix it up, and sell it

If they sell it, then yes there isn't an issue with what OP is stating.