Ok, but if the landlord sells the house to the person that is renting it does the supply change?
Uhhh, yeah. There’s one fewer house to buy, which drives the price of purchasing a house higher. Are you not familiar with the basics of supply and demand?
Buy, yes, but not to occupy. The available inventory of houses does not change.
Yes, they can rent a house where a landlord will take their money and use it to pay off their own mortgage and the tenant gets nothing from it, while the landlord who already owns one house now owns two.
Many of the people who rent couldn’t buy a house at one half or even one quarter of the price because they are working for slave wages.
Categorically and objectively false. A small low cost house only costs ~$120,000 to build at market rates, the vast majority of middle and low income Canadians could get together $12,000 for a downpayment and then make mortgage payments if they weren’t having all their money going into their landlord’s pockets.
Uhhh, yeah. There’s one fewer house to buy, which drives the price of purchasing a house higher. Are you not familiar with the basics of supply and demand?
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Yes, they can rent a house where a landlord will take their money and use it to pay off their own mortgage and the tenant gets nothing from it, while the landlord who already owns one house now owns two.
Categorically and objectively false. A small low cost house only costs ~$120,000 to build at market rates, the vast majority of middle and low income Canadians could get together $12,000 for a downpayment and then make mortgage payments if they weren’t having all their money going into their landlord’s pockets.