Tenant advocates protest evictions from Riverdale rooming house in Toronto – This is the problem with Canadian Voters – March 17, 2019,
There’s an article I was reading on MSN details the exact problem with entitled Canadian voters, who assume protesting or using the force of the government is the way to force others to cater to their inability to live in in-demand areas of the country in which they can’t afford. The article I’m referring to can be read by clicking the link below.
Tenant advocates protest evictions from Riverdale rooming house – TheStar.com via MSN
A portion of the article begins like this and I really want you, the reader to open up your mind:
It’s modest: a home of about 300 square feet with a sink, a fridge, and stove. The bathroom is down the hall and Aya Higuchi shares it with three other tenants in the Riverdale rooming house.
It took Higuchi a year to find a place she could afford. The rent, $800 a month, stretches her budget as a part-time city worker with no benefits. But the room at 28 Langley Ave. has bright windows, there is a park and streetcar stop at the top of the street and the library is only a short walk beyond that.
The 40-year-old loves living there; she considers herself lucky.
So when she learned earlier this year that new homeowners were evicting the tenants in order to do a major remodelling, she was crushed. Rather than accept the legally required payment of three months’ rent, which the new owners later upped to six months, she decided to stay and fight.
“This is not only about me,” says Higuchi. “It’s also the other tenants as well, and I just feel that the new owners and what they’re doing is not right, taking affordable housing away from people who can’t afford other apartments.”
Higuchi doesn’t think she could find anything comparable for less than $1,000, and that is outside her price range.
The above is an entitlement mentality and it’s the number one reason why the government was able to create the housing disaster that exists all over Canada today. In Ontario, there are still homes that refuse to rise in value, why? Do you ask? Because there’s no demand to live in certain parts of Ontario, certain parts of Ontario are known for flooding, tornados and extremely cold weather, so guess what? A lot of Canadians don’t want to move there and there’s no government stimulus package that will make certain segments of the Canadian populace even consider moving to some of these remote areas.
Instead, these people will lobby government, in which government is more than happy to oblige because now it gives the government a reason to turn CMHC into a Crown Corporation who insures mortgages. Being that I reside in Toronto, I’ll be frank with you, and the truth is you don’t even need me to explain to you what’s going on, all you need to do is do an online search and see how many vacant apartments there are all over Toronto. Toronto has no housing shortage, nor does it have a housing problem, Toronto has a Federal problem which is CMHC.
CMHC combined with rental controls created a monster, there are a lot of condos built and being built all over the city of Toronto, if you go to downtown Toronto it looks ridiculous, it really does look silly especially when you’re driving on the Gardiner Expressway. At night time it’s easier to see how many condos in downtown Toronto have no occupants. Now, in a market-based economy, those condos wouldn’t have been built, instead, those condos would have been apartment buildings, however, because CMHC made it easier for more people to qualify for mortgages, a lot of real estate speculators now own multiple condo units in Toronto.
In the 1990’s Toronto had a huge problem getting Condos built, a lot of Condos that did get built often turned into apartment buildings, primarily because there aren’t too many people who want to live in Condos, I mean lets be honest here, unless you’re elderly or the Wall Street type of person, why would live in a Condo? People looking to start families want to live in a house, I don’t know anyone who aspires to live in a condo? What I’m getting at here is that, if CMHC didn’t interfere into the housing market even with near zero percent interest rates, Toronto wouldn’t have the housing problem it has now.
You can’t flip an apartment unit, if you can’t pay the rent you move out, now in the 1990’s I used to get all types of deals for rental units, I got 2 months of rent-free in one instance. Sure rents were high in the 1990s but they were high mostly to keep the welfare recipients out, they weren’t high if you were working and could talk to the landlord. What often goes overlooked by Mayors and Premiers who don’t actually live in Toronto are the types of tenants that Landlords get stuck with. You see there’s always 2 sides to a story!!
A lot of people make bad life choices and well many of them are either on welfare or they’re low income. Now, the reality about people on low-income is not so much that they have low-income it’s that they don’t make paying their rent on time a priority, now what I’m saying may seem like it has nothing to do with the rooming house story, but it does, because you see politicians not being upfront with Canadian voters is what causes these disasters in the first place.
The real problem isn’t that these people got evicted, the problem is how they’re reacting.
Higuchi doesn’t think she could find anything comparable for less than $1,000, and that is outside her price range.
Now think about this for a moment she’s a 40-year-old, she’s a part-time city worker with no benefits and she feels entitled to live in this area. Now what she a group of people did was they did a rally to get the attention of the government to solve the problem? Now, as I explained above, the government created the problem, had the government not intervened into the housing market by insuring mortgages, chances are this problem wouldn’t exist, again I’d like to remind the reader that until CMHC started using taxpayer dollars back mortgage-backed securities, fewer people would qualify for mortgages, in real terms what this meant was fewer incentives to build condos.
There’s no provincial law that can compete with CMHC. Sure not everyone is using CMHC but enough people are to assure there’s no bottom in Canada’s real estate market and when there’s no bottom, there are no real price fluctuations only price inflations and this is what brought the real estate investor to purchase that property, which basically looks like the purchased that property to either rent it out to more affluent tenants or they’re buying it flip it. Either way, chances are that the buyer wouldn’t even exist if the housing market in Toronto was reflective of the market.
Downtown Toronto can be addictive if you live there long enough, you’re where all the action is, you’re around all your friends and there’s a feeling that you live in an important universally recognized global city. Of course, some people don’t want to leave, but the assumption by the renter that the government should fix the problem is the problem. Prior to all this government intervention into housing market, what often would happen is regular people would combine their savings and purchase their own properties, well this is back when Ontarians were more entrepreneurial, when Ontarians thought outside the box and the great thing about being an entrepreneur is you learn very quickly that most so-called poor people are simply full of shit!
Some people will work 2 and 3 jobs to live in their desired neighborhood, others won’t, some people will move to a more affordable neighborhood, others will simply play the victim card and find a sucker who will help them solve their laziness problem. If you’ve worked with a person considered legally handicap that loves to work, that’s when a lot of the human nonsense that occurs gets put into its proper perspective. I’m a part-time government worker, who wants to live in an area I can’t afford! That’s the story in a nutshell. However, because being a politician pays a lot of money, of course, they’ll be politicians in their ears telling them that they’ll solve this problem and this my friends is how these housing problems get started.
Interesting times ahead.
