Comment by KumaBear
2 days ago
It might not solve the problem but we also have other countries buying up homes for pension accounts. Take AU for example doing this. Should be illegal regardless of the size.
2 days ago
It might not solve the problem but we also have other countries buying up homes for pension accounts. Take AU for example doing this. Should be illegal regardless of the size.
Pension funds like Ontario Teacher's are institutional investors who would be barred as well according to this proposal.
As they should be.
If they then rent these houses out and keep them maintained I don't care that they own them. Of course they should not be allowed to have a monopoly on houses in any area (including indirect monopoly by agreeing to minimum prices with others). Landlord is an important job that someone needs to do for the people who owning their own house is the wrong decision.
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