I sent another letter to the editor
Let's be honest, one of the reasons rents are skyrocketing is because of greed.
Yes, those who have a mortgage on an investment property need to cover rising interest payments. Never forget, they already own a home and have decided to use the housing market as a profit making strategy.
Another reason for higher prices is Real Estate agents advising landlords to raise their rental prices to make a larger profit year after year. Not forgetting that the higher the rental, the more the real estate agent creams off the top.
Without controls in place, rentals will never go down, forcing an ever larger percentage of the population to become homeless.
Yes, those who have a mortgage on an investment property need to cover rising interest payments. Never forget, they already own a home and have decided to use the housing market as a profit making strategy.
Another reason for higher prices is Real Estate agents advising landlords to raise their rental prices to make a larger profit year after year. Not forgetting that the higher the rental, the more the real estate agent creams off the top.
Without controls in place, rentals will never go down, forcing an ever larger percentage of the population to become homeless.
