Die meisten Mieter in Toronto glauben, dass sie niemals ein Eigenheim besitzen werden. Das ist nur dann eine Tragödie, wenn wir uns dafür entscheiden, daraus eine Tragödie zu machen
https://www.thestar.com/opinion/star-columnists/most-renters-in-toronto-believe-theyll-never-own-a-home-thats-only-a-tragedy-if/article_2d55fc99-f7fd-4753-9898-39d6a49e5033.html
8 Kommentare
Not owning a home isn’t the issue.
The issue is when a huge chunk of those renters are paying 50%+ of thier take-home in rent, and getting less service, less security, low mobility and fewer protections from LL acting in bad faith.
Renting can be reasonable, but the current state of housing in Toronto is bad for our communities and our economy.
Renting is a better financial choice if you invest the money you save vs. home ownership, idk why that would be a tragedy
I own my home and it’s a far worse (and illiquid) investment than if I just put the money into a diversified ETF. Owning your home should be a lifestyle choice, not a financial one
The logical end result of this thinking is that home ownership is reserved for massive corporations (as if it isn’t already).
With that being said, A home is not the nest egg it once was and the market would collapse if we saw a repeat of the same growth we had in real estate over the last 20 years
Just accept a lower quality of life than your parents and grandparents had bro. It’s ok to have no equity and security in homeownership and rent and work until you die. Thats totally fine, why are Conservatives always whining? They are such whiners. PP bad amirite?
I dream about renting a 3-4 bedroom apartment with some kind of patio no more than 3-4 stories up in part of the world where I don’t need to own a car. These go for like $3000-$3500 per month where I live which is a lot, but totally achievable for two earners in their late 30s/early 40s. I feel minimal despair.
Owning a home is not the be-all and end-all of life, though. I mean, I’m „still renting“ in my early 50s and I’m what many would consider „rich“ due to my large portfolio of stocks and precious metals.
I’m looking into moving to a LCOL area in the next few years to buy something as I coast into early retirement, but even if I ultimately decide not to do that, I have enough in my portfolio to fund my lifestyle while renting forever.
So yes, not owning a home *is* only a „tragedy“ if you choose to make it one.
It’s ok. Millennials and Gen Z will just have to cope and sacrifice that. Our Liberal overlords knows what’s best for us. God forbid another federal party is in charge, we don’t want to disrupt the status quo.
I’d say it’s an absolute tragedy if people who WANT to own a home can not ever obtain one. To be forced into renting because they had no other choice is just modern serfdom.
Unfortunately, housing in the GTA and across many parts of Canada is seen as an income source and not a place to live.
To get prices down, we need a combination of things to happen, one of which will likely be very unpopular, I predict.
Building more homes needs to happen, and I am hopeful that the provinces do their part to green light building as efficiently as possible. They can also help via the education route by providing adequate funding for the trades we need to really speed up building.
Once homes go up for sale, I do like the idea of making them cheaper for first-time buyers (such as no tax for first-time buyers).
And now the unpopular part. Ban people from owning multiple homes (above a limit). This will reduce demand for houses by removing the investor class from the equation. I’d suggest people can only own 3 single family homes (detached, semi-detached, townhouse), whole or in part:
1 house as a primary residence.
1 house as an income producing property.
1 house as a vacation property (not allowed to generate any income whatsoever with this one.
That way, people who prefer real estate as an investment can still do it but not be in a position to use their capital and cash flow to choke out first-time home buyers.