this post was submitted on 06 Sep 2023
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'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month (toronto.ctvnews.ca)
submitted 1 year ago by girlfreddy@lemmy.ca to c/canada@lemmy.ca
276 comments fedilink hide all child comments
 

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.

β€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.

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[–] Pxtl@lemmy.ca 1 points 1 year ago (1 children)

And what if we grind out all those numbers and there's nothing magical? What if it really is just supply and demand?

[–] girlfreddy@lemmy.ca 1 points 1 year ago (1 children)

Then you have become the first person ever to find the fabled Golden Goose who shits out money for the rich, no strings attached.

[–] Pxtl@lemmy.ca 1 points 1 year ago

So the golden goose is just "have something people need and there's not enough of it"?