Seattle, Washington’s RENTAL Prices are Much Higher Than Toronto Canada’s Rental Prices – Message To Canadians Keep the Federal Government away From Problems Created By MUNICIPAL VOTERS – October 28, 2023,
As of the date I’m writing this post, the average RENTAL price for a 1-bedroom apartment in Seattle, Washington is $ 2,260 USD; the number is actually much higher; however, Seattle, Washington has Rent controls.
In Canadian dollars, $ 2,260 USD would be $3136.99, which actually means that Seattle, Washington’s rental market is more expensive than Canada’s most expensive rental market, Vancouver B.C, which is currently around $3,000 CAD per month.
Again, those numbers could be higher, but because Vancouver has rent controls, the numbers are lower. Why I’m picking on Toronto, is because when most people come to Canada, they gravitate to Toronto. Toronto is Canada’s New York City. The average rent price in New York City as of the date I’m writing this $4,195.
Some New Yorkers are probably screaming at me because prices are MUCH higher than that; however, RENT CONTROLS pulls the numbers down. Now, despite what most Canadians ASSUME, high rental prices are NOT the direct result of the Federal government; this is actually a MUNICIPAL government-created problem.
Most municipal VOTERS vote for rent controls, and in case you’re not aware, rent controls don’t have the desired effect most people hope for. Why I’m picking on Seattle, Washington in the post is because Seattle, Washington is known for its WOKE Far-Left Progressive politics, which equates to not too many LANDLORDS wanting to rent their properties to ANYONE.
Even if the government is in charge of housing, housing has to be a PROFITABLE venture. In Singapore, their government yields massive powers of the people, so if a tenant in Singapore is destructive to government-owned rental property, that’s a SERIOUS offense, and it WILL have serious consequences for the tenant.
In the United States, various branches of government have attempted to get into the housing markets; we’ve all heard of “The Projects.” well, the reason even PROGRESSIVE Far Left governments don’t want to get into building housing is because of the building MAINTENANCE costs, which would eat up State and municipal budgets.
You see, in Singapore, their governments figure that out decades, that in order to keep DESTRUCTIVE people in line, the government has to enact TOUGH laws. However, Progressive minds tend to imagine the world from a different lens, and with progressives, they’re also believers that the money supply is not a reflection of FISCAL policies.
So when a progressive voter or progressive leader creates a law that it imagines will benefit a group of individuals it likes, it never imagines how that new rule or regulation could actually ACCELERATE poverty, criminality, and dysfunction within its community.
Everything is relative, and for every action, there’s a reaction. No human in PRACTICE is in the business of enslaving themselves. If my goal in life is FAME, POWER, and popularity, I’m not going to engage in activities that will prevent me from achieving my goal.
If my goal is to make MONEY, I’m not going to engage in behavior that’s going to drain me of my money. In Seattle, as well as Toronto, the lawmakers, and VOTERS have decided that tenants’ rights are far superior to Landlords’ rights, so in order to remain SOLVENT and profitable, most landlords in Seattle, Washington either DO NOT rent their properties to anyone or they raise their prices to justify NOT having to get the courts involved.
If that statement missed you, yes, that’s one of the root causes of the LACK of housing. Most landlords already ANTICIPATE losing in courtroom battles and therefore, they raise their prices to justify those LEGAL and other maintenance-related costs.
Also, a lot of modern landlords hire professionals to do their listings for them, and these professionals typically have to be meticulous about whom they will even allow to show the apartment.
All of these added costs get passed onto the tenants, who also have to comprehend that there’s a SHORTAGE of rentals in the Toronto and Seatle markets, therefore, they have to accept the arrangements.
Now, on the flip side to Seattle, Washington, is basically the entire State of Texas, which tends not to have any rent controls, and often the courts are fairer to both the landlords and the tenants.
So because the landlords can get a fair shake in almost every municipality in Texas, housing is ABUNDANT. You have to remember that if LANDLORD rights are fair, then I will be more OPEN to renting out my basement to a STRANGER.
In Toronto, Canada, for example, it makes me laugh whenever anyone claims there’s a housing shortage; there is no housing shortages in Toronto, even with the illegal aliens flooding their city; there is, however, an UNWILLINGNESS from Toronto homeowners to rent out their properties, because they KNOW that they will lose court battles if the tenant becomes destructive or outright refuses to pay their rent.
Tenant rights are a real thing, and if you want to have a PROFITABLE rental business, people tend to forget that landlords are small business owners, you need fairness in the MUNICIPAL courts.
Why this message is directed at Canadians is because I’ve noticed, that all the major political parties have made housing a FEDERAL government issue, when it’s NOT. This is a MUNICIPAL government problem created by municipal voters, and they have to go through the process of ending this madness.
Let’s say a Federal government does “solve” the problem; all it will take is a few municipal complaints and the problem will restart. Now, did Justin Trudeau make the housing situation worse with his inflationary fiscal and tax policies? Of course he did, but the same people who vote for these progressive housing policies are the same people voting for Justin Trudeau, so is this really a politician-created problem or a CULTURE problem?
I remind the reader that over 60% of Canadians voted for a far-left politician, so I argue that this is a cultural problem, I think most people do not comprehend that transfer/equalization payments, create economic illusions in Canada that don’t exist in the United States.
In Canada, bad fiscal ideas are REWARDED with Federal government handouts; this is not so in the United States, bad governors and bad mayors suffer for their bad fiscal decisions with revenue shortfalls, whereas in Canada, Premiers who run horrible fiscal policies are rewarded with equalization payments from the Federal government which tend to go DIRECTLY into the coughers of the PUBLIC sectors, which again is why most provinces in Canada, don’t want to get into the housing business.
Because that revenue would have to be plowed into the housing market, and most of the MAINTENENCE related to housing has to be done by the private sector. In Canada, for example, there are certain First Nation reserves that have trouble with water, and one of the reasons for this is that PRIVATE contractors have to be deployed there, and this maintenance process is EXTREMELY expensive because it’s labor-intensive.
Once you comprehend that the villain is the victim, you start to get a clearer picture of who to blame for the housing SHORTAGE problems.
Interesting times ahead!