this post was submitted on 17 Mar 2024
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And nary a word about exploitative corporate landlords or rising costs or a dearth of affordable housing that's driving both small businesses and regular people out of cities.
Of course, that would mean criticizing the invisible hand of the market.
Look around downtown Toronto. Hell, look around any city of any size in Ontario and ask who--aside from landlord, landlord's real estate agents, landlords who are real estate agents and their bankers and mistresses and mistresses' botox clinic/Porsche mechanic--can afford to live or start a business there? Do you want to pay three quarters of a million dollars for batchelor condo, and still pay maintenance fees atop that? How about starting a business when your landlord might decide to jack your rent 1000% because TD or Starbucks wants the space, or because your landlord's coke dealer raised their prices that week?
Toronto's problem isn't like, eg, Detroit. It's not getting hollowed out by White Flight. It's more akin to San Francisco's challenges, and that's 100% raw, unadulterated money-grubbing at scale, which is nowhere near a progressive problem, unless you mean that we aren't taxing these rentier fucks anywhere near enough.