this post was submitted on 01 Apr 2024
98 points (93.0% liked)
Canada
7185 readers
483 users here now
What's going on Canada?
Communities
🍁 Meta
🗺️ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
🏙️ Cities / Local Communities
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
🏒 Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montréal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown
- Toronto Blue Jays
Basketball
- List of All Teams:
unknown
- Toronto Raptors
Soccer
- List of All Teams:
unknown
- General Community: /c/CanadaSoccer
- Toronto FC
💻 Universities
💵 Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
🗣️ Politics
- Canada Politics
- General:
- By Province:
🍁 Social and Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is only true if there's the same number of houses as people. There are way more houses than people.
Trash analogy
If there are more than enough houses then an investment house would be a bad investment since no one would need to rent it and/or no one would want to buy it with a good profit margin. Instead, they're buying houses that people want, which is driving up home prices and letting them set high rents.
It is not an analogy. That's just math.
I'd like you to show the math as to what the ratio and relation between landlords and renters are.
I'll wait.
Some more scenarios:
If there are more houses than people, then investors would loose money and housing won't be a good "investment".
If there are fewer houses than people, then the same situation would unfold now just there would be homeless people.
I'd like to see this demonstrated as false.
Also this fits perfectly fits within supply demand curves.
If you have people who want to own homes + an investment property, you'd've increased demand compared to everyone just wanting one home. D*2 > D. Hence the mere act of desiring investment properties and acting on that desire causes prices to increase. Prices only decreases when supply increases. As S ▲, then prices fall, P ▼. However the set amount of humans stay the same. So the following scenarios are possible: [N+0], Everyone wants one home [N+I], At least one person wants an investment property
There are 8 billion houses? Do you count mud huts into that?
8 billion? in Canada? Source?