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Letter: Houses are not investments - they are homes

Re: ' Stop with the landlords-are-raking-in-the-cash dribble,' NOW letters It’s been interesting watching the duelling perspectives on rental housing and what kind of profitability there is in renting a home out to other people.
Housing

Re: 'Stop with the landlords-are-raking-in-the-cash dribble,' NOW letters
It’s been interesting watching the duelling perspectives on rental housing and what kind of profitability there is in renting a home out to other people. Interesting, but beside the point.

The argument made by Craig Buvyer and other landlords that they’re not making money is symptomatic of everything that is wrong with the Vancouver housing market; they’re treating housing like a commodity to gain a return on their investment.
Full stop - houses are not investments. They are homes. Housing unaffordability remains at the worst rates in generations, people are being forced to move from the neighbourhoods they spent their lives in and the city is being hollowed out of the families needed to stay vibrant, and these editorializing landlords are worried about money.
Congratulations to these landlords. You have enough money to own not just one property, but a second one you don’t even use that you could potentially let other people live in. That’s far beyond the financial reality for a large portion of the population. Think about how much wealth you already have before you complain about being short-changed, when the people who are trying to rent from you just want a roof over their heads.

Trevor Ritchie, Burnaby