Path: utzoo!mnetor!spectrix!lsuc!ncrcan!brambo!morgan
From: morgan@brambo.UUCP (Morgan W. Jones)
Newsgroups: can.politics
Subject: Re: rent review
Message-ID: <296@brambo.UUCP>
Date: 1 Mar 88 00:57:42 GMT
References: <1988Feb24.140628.28040@jarvis.csri.toronto.edu> <1433@looking.UUCP> <1988Feb26.225840.21116@jarvis.csri.toronto.edu> <1437@looking.UUCP> <1988Feb28.002014.29461@jarvis.csri.toronto.edu>
Reply-To: morgan@brambo.UUCP (Morgan W. Jones)
Distribution: ont
Organization: Bramalea Software Inc., Bramalea, Ont.
Lines: 24

In article <1988Feb28.002014.29461@jarvis.csri.toronto.edu> eem@csri.toronto.edu (Evangelos Milios) writes:
>This is a good point, but I still insist that $1000/mo+utils for a
>2bdrm apt on a family income of 32K/yr, corresponding to a family
>where only one spouse works, is plain too high. So the rent dictated
>by the free market is too high for the average person. We are talking

How do you know what the price would be like in a free market?  We
haven't had one for so long that you can't even begin to imagine what
it would be like!

Try sitting down with an income property owner sometime.  Then tell me
how rediculous prices are.  Some buildings have been under rent
control so long that the rent doesn't even cover the cost of proper
maintenance, let alone provide a reasonable level of return on
investment.  You talk about how bad property price increases
are when people only get an 8% increase in salary - compare that to a
4% increase in rents.

>Evangelos E. Milios	        Internet(UUCP,ARPANET,BITNET,CSNET):          

-- 
Morgan Jones - Bramalea Software Inc.        morgan@brambo.UUCP
      ...!{uunet!mnetor!lsuc!ncrcan, utgpu!telly}!brambo!morgan
"These might not even be my opinions, let alone anyone else's."