this post was submitted on 06 Sep 2023
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'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month (toronto.ctvnews.ca)
submitted 1 year ago by girlfreddy@lemmy.ca to c/canada@lemmy.ca
252 comments fedilink hide all child comments
 

The landlord had told them he wanted to raise the rent to $3,500 and when they complained he decided to raise it to $9,500.

β€œWe know that our building is not rent controlled and this was something we were always worried about happening and there is no way we can afford $9,500 per month," Yumna Farooq said.

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[–] fatalicus@lemmy.world 9 points 1 year ago (1 children)

They are talking about scalpers, not the company selling the tickets.

Landlords are like scalpers: they go in and buy up the supply, so they can resell (rent out) for a higher price.

The people originally doing the selling (artists in the case of scalpers. Developers in the case of landlords) see nothing of the increased price.

[–] vacuumflower@lemmy.sdf.org -4 points 1 year ago (1 children)

So what prevents you from buying directly from developers?

[–] uis@lemmy.world 3 points 1 year ago (1 children)

Landlords(scalpers)

[–] vacuumflower@lemmy.sdf.org -4 points 1 year ago (1 children)

So you are saying they are some secret club, and without joining it you can't buy a house for the same price a landlord does?

[–] PaganDude@lemmy.ca 4 points 1 year ago (1 children)

You're aggressively missing the point. It's it a mental health issue, or are you being deliberately obtuse?

[–] vacuumflower@lemmy.sdf.org -3 points 1 year ago (1 children)

You're the only one being aggressive in this thread ; I'm being deliberately insensitive to worthless arguments and emotions from worthless people. OK, now you are not the only one anymore, maybe.

You are the one responsible for carrying through your own point. Your failure to do that is not my problem.