647
submitted 1 year ago by girlfreddy@lemmy.ca to c/canada@lemmy.ca

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.

โ€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.

you are viewing a single comment's thread
view the rest of the comments
[-] Croquette@sh.itjust.works -1 points 1 year ago

Because they can't bleed their tenants dry otherwise.

It's not enough to have someone else paying your mortgage for you, you need to be cashflow positive each month as well.

this post was submitted on 06 Sep 2023
647 points (97.0% liked)

Canada

7106 readers
340 users here now

What's going on Canada?



Communities


๐Ÿ Meta


๐Ÿ—บ๏ธ Provinces / Territories


๐Ÿ™๏ธ Cities / Regions


๐Ÿ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


๐Ÿ’ป Universities


๐Ÿ’ต Finance / Shopping


๐Ÿ—ฃ๏ธ Politics


๐Ÿ Social & Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS