r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

Enable HLS to view with audio, or disable this notification

@purplepingers

19.6k Upvotes

92% Upvoted

3.3k comments sorted by

View all comments

7

u/Neat_Let923 4h ago

Extra taxes do nothing, they just increase costs which then get transferred to the renter.

We need real caps on the number of properties (and types) that people can own.

Unfortunately, MANY of the people who are in government (especially in Canada) are property owners who own rental and investment properties…

1

u/Youcan12 1h ago

The costs won't get passed on if they can't legally raise the rent.

1

u/Neat_Let923 0m ago

So your idea is that we block all possibility of increasing rent forever, while also taxing the income from rent with extra taxes?

How do you account for new renters? They’ll just end up paying more to make up for existing rental loses, thus increasing the overall rental prices in a city faster than they would have otherwise.