Thanks for breaking it down. But I think reducing the cost of housing would just increase margins and enlarge wiggle room enough for these mistakes to happen without too much trouble.
The just treading individual investor will lose money in the short term but the prudent investor can wait for new cheaper housing to make the math work out.
Lowering the cost of housing will also mean more individual landlord wannabees will be able to enter the market. You can’t time the market but with the Government telling what is going to happen, smart people will wait on their capital. That capital is what I fear. I would like the PM to force that investment into productive businesses as opposed to Real Estate. So Real Estate belongs to the occupier. Furthermore I’d like to pay my own mortgage, not my landlord’s. But we’ll see what happens.
I should have also mentioned: this past year Toronto finally reaped a boost in housing completions thanks to investments early in the last federal administration. Just? that has already driven down rents by something like 5-7.5%, to a 30-month low. (Of course that’s at the same time housing starts are also at an all time low. 😑)
Thanks for breaking it down. But I think reducing the cost of housing would just increase margins and enlarge wiggle room enough for these mistakes to happen without too much trouble.
The just treading individual investor will lose money in the short term but the prudent investor can wait for new cheaper housing to make the math work out.
Lowering the cost of housing will also mean more individual landlord wannabees will be able to enter the market. You can’t time the market but with the Government telling what is going to happen, smart people will wait on their capital. That capital is what I fear. I would like the PM to force that investment into productive businesses as opposed to Real Estate. So Real Estate belongs to the occupier. Furthermore I’d like to pay my own mortgage, not my landlord’s. But we’ll see what happens.
I should have also mentioned: this past year Toronto finally reaped a boost in housing completions thanks to investments early in the last federal administration. Just? that has already driven down rents by something like 5-7.5%, to a 30-month low. (Of course that’s at the same time housing starts are also at an all time low. 😑)