Average asking price for a new tenant has risen by 9.6% in last year, Rentals.ca says

  • Pxtl@lemmy.ca
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    1 year ago

    How do you do that? Let’s say I buy a run-down house, spend 2 years dumping a bucket of money and sweat into it to make it into a nice place, and then sell it. That house is now converted and gentrified. That kind of “flip the house I live in” is how a lot of people got started into playing the housing market. And at slower pace that’s just the normal process of how normal non-investment houses function as they go crazy-high in value, without even involving “investors”.

    How do you ban that? And more to the point why would you want to?