• HugeNerd@lemmy.ca
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    10 months ago

    The corrosive corollary to ever-rising real estate valuations is that there is no incentive to keep buildings like condos nice or neighborhoods clean, someone will buy at the inflated price anyway since they all are inflated.

    So basically I feel in Canada we live in a system that pulls valuation out of thin air, produces nothing, incentivizes no one, yet allows everything.

    • FosterMolasses@leminal.space
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      10 months ago

      Same shit happening in Scotland. Knobheads makin bids above asking price on slum complexes in the city like it’s fooken millionaire row. Last landlord I had chucked a new tenant out and returned her deposit for complaining about the broken shower basin cos he cannae be arsed. Not exaggerating.

      • julietOscarEcho@sh.itjust.works
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        10 months ago

        It’s mad given that Scotland technically is quite pro-renter. You just can’t enforce anything so landlords have learned not to give a fuck. A friend viewed a tennament they were trying to let with no kitchen (as in no cooker fridge or sink). Like something out of trainspotting.