screenshot from 60 minutes interview: Toronto landlord who owns 30,000 houses explains why young people don't want homes

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[–] 80 points 1 year ago (4 children)

A landlord owning 30,000 properties is wild.

If he divides his time equally between each property and works 8 hour days 5 days per week like a normal drone:

  • That's 115 homes per day
  • 14.4 homes her hour
  • Each property gets 15 minutes attention per year

Yeah he probably has a team employed to deal with all this and doesn't actually do anything himself, but what value to any of them bring to society.

If all of his property were seized and given to homeless people, it would solve 13% of all Canadian homelessness overnight. Just find 7 more people like him and no-one in Canada would be homeless.

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  • [–] 26 points 1 year ago* (last edited 1 year ago) (3 children)

    If all of his property were seized and given to homeless people, it would solve 13% of all Canadian homelessness overnight. Just find 7 more people like him and no-one in Canada would be homeless.

    ... what about the people who live in his properties now? Wont they be homeless if you give it to people? I'm not defending the guy, I was actually looking for the video to mock the dumbass for being a dumbass, but this statement doesn't make any sort of sense.

    edit

    Looks like it wouldn't effect Canadian housing at all since most of the housing they own is in the sunbelt

    https://www.facebook.com/housingopen/videos/toronto-landlord-who-owns-30000-houses-explains-why-young-people-dont-want-homes/3164766910508794/

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  • [–] 7 points 1 year ago (2 children)

    You should also see what percent of owned homes are [unlived in](Census Mapper https://share.google/sxb8FC9CwK5hrRhMA)

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  • [+] 34 points 1 year ago (10 children)
  • [+] -22 points 1 year ago (8 children)

    i really hate to carry water for a landlord, but "someone should kill this guy" really is the laziest form of commentary

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  • [–] 23 points 1 year ago (3 children)

    The solution to the housing crisis isn't difficult or unknown and our govts (CA also having one) can afford to try fixes until something works.

    The issue is the stranglehold that the upper class holds us in. We'll keep getting trickle down "fixes" until the sun burns out.

    I'm sure a solution, to divest the wealthy of their power in a way that is both fair and nonviolent exists, but to pretend that is a realistic pathway is... Naïve.

    The unhoused die every day, but we don't treat that as the fault of the class that controls the housing?

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  • [–] -2 points 1 year ago (2 children)

    sure. you put a lot more effort into this comment than the one i replied to. i didn't say it was wrong, just lazy.

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  • [–] 10 points 1 year ago* (last edited 1 year ago) (1 child)

    Lots of things in human society only occur because some people include "and we're willing to fight you to the death over this", and that can't be a bluff.

    Bad things happen because bad people hasten to that end. When good people are willing to fight to the death for good things, they're playing catch up.

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  • [–] 6 points 1 year ago

    But it's true. If people like this asshole started getting clapped left and right they might start rethinking their position on things. Or at least keep a lower profile. They have the entire structure of society rigged in their favor and we are rapidly approaching the point where violence will be the only means for normal people to change anything to their favor (assuming we're not already there) clutching pearls every time someone mentions it won't change that. Thousands of people are already dying because of assholes like him, it just doesn't get as much attention because dying from homelessness or lack of healthcare isn't as flashy as being gunned down in the street.

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  • [–] 23 points 1 year ago

    I would simply have a limitless ZIRP line of credit and buy up as many properties as I can that are in foreclosure. I could even coordinate with private banks in the process of foreclosure to get sweetheart deals during the eviction process.

    Viola! Instant housing surplus (for me). Why don't other people use this One Neat Trick?

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  • [–] 2 points 1 year ago

    Hoarder explains why nobody else wants basic essentials: if other people want these essentials too, I would have to find a job and couldn't go on vacation all the time

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  • [–] 1 point 1 year ago

    Why is the very existence of this guy legal?

    And even if this is legal, how come this guy Braga about it instead of shamefully hiding under a rock?

    This guy should be in jail as far as I'm concerned

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  • If this guy is real, the government should do like Ancient Rome and exile him, confiscate his homes and hand them out to Canadians

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