Use The Maple’s searchable database to discover which provincial representatives are landlords or invested in real estate.
    •  undercrust   ( @undercrust@lemmy.ca ) 
      12•9 months ago

      Its landlords - so non-principal residences - and invested in real estate as in ownership of REITs or private real estate corporations.

      So, nothing at all to do with principal residences, which is pretty amazingly clear when you click the link and read the article.

      •  Rocket   ( @Rocket@lemmy.ca ) 
        2•9 months ago

        Such a weird divide. I realize it is to try and make those who seek employment profit with their home as a capital asset feel special and “not like those other investors”, but it’s a false narrative. An investor is an investor is an investor.

        •  undercrust   ( @undercrust@lemmy.ca ) 
          2•9 months ago

          I’m confused. Are you saying that no one should own a home?

          The whole purpose of this is to identify those politicians that have a conflict of interest in making decisions regarding primary housing for Canadians.

          Investment property owners (non-principal properties) have a conflict of interest because they may not want to make new rules that would affect taxation of income or capital, institute rent controls, or adversely impact current property values.

          Those invested in REITs or REOCs have a conflict because they may not want to affect the beneficial tax structure of REITs (flow-thru Trusts), nor limit the investment opportunities to non-residential properties (as right now multifamily and apartment REITs are wildly profitable and a major source of urban centre rent inflation).

          Those “invested” in just their primary residence and who are not landlords or real estate investors have (nearly all) of their incentives properly aligned with the goals of normal Canadians who just want to own their own home. Like all home owners, they may not want to see market prices decline, but ultimately most homeowners just want a place to call their own and to not see money go down the black hole of rent.

              •  Rocket   ( @Rocket@lemmy.ca ) 
                2•9 months ago

                Primary residence homeowners are investors, usually. Most commonly as a capital asset used to facility profitability in the labour market. It is a false narrative to frame them differently as if they are somehow special. I get why we want to frame them differently, but it is incorrect to do so. An investor is an investor is an investor.

                I offer no opinion on whether or not investing in housing is positive or negative. It has no relevance and to share opinion is bad faith participation.

                •  jadero   ( @jadero@lemmy.ca ) 
                  2•9 months ago

                  Okay, I think I see where you’re coming from. You seem to think that any purchase of a capital asset for personal gain is an investment. That’s tough to argue against, but, in that case, I would argue against your contention that “an investor is an investor is an investor.” Not all investors have the same motives or the same impact on the market.

                  My grandparents, my parents, and I invested in our “homes”, not in “housing”. The plan was never about increasing value over time, but in being able to continue our lives with stable and affordable housing post retirement. Having nothing more than property taxes to worry about had a big impact on our ability to retire with “normal” jobs. We mostly ignored changes in prices, because we mostly didn’t care, because our motives were not profit, but long term stability of lifestyle. We got our homes paid off around the time our kids needed help with postsecondary education. We got that out of the way in time to make any major renovations or purchases in advance of retirement. And we got those out of the way in time for our retirement.

                  This is different from those who acquire housing for rentals or “flipping”. And neither are those people anything like those who invest in purely financial instruments that have housing and land at the foundation. What they mostly have in common is that they want, no need, to have the property continually increase in price, ideally faster than inflation.

                  That is a marked contrast with those who are “investing” in the place they live in and hope to continue living in through retirement. In that case, it doesn’t matter how or even if prices change, because it will have little or no impact on their ability to continue with stable housing.

        •  Kichae   ( @Kichae@kbin.social ) 
          2•9 months ago

          It’s not a false narrative at all. It’s an ideological difference.

          You think personal property is a financial investment. Some of us see it as a home.

          You’re emblamatic of what’s wrong with the housing market.

  •  corsicanguppy   ( @corsicanguppy@lemmy.ca ) 
    1•9 months ago

    When I was a kid, my folks owned about 3 rental properties. I didn’t really feel like they were untrustworthy, even about the rental market. After 1983 when the interest rate got about 4 times as high as these fuckers were whining about and we lost our metric shirt in the fire-sale bloodbath, I still didn’t note any bias.

    1. Start with trustworthy people - SIT DOWN, Milhouse

    2. Trust them. Or get rid of them.

    3. Go to 1