this post was submitted on 29 Jun 2025
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With homelessness exploding due to how the asset-owning Parasite Class is jacking rents into the stratosphere, why is any residential property vacant at this time?
Vacant residential properties should be taxed out the nose - well above any rent or price appreciation - until they are occupied by legitimate tenants.
Undesirable location
In many places, that just doesn’t exist. Places like most of Canada, where people are paying 60-80% of their income just to put a roof over their head. If a place is on the rental market, it will likely have people fighting tooth-and-nail over it even if it’s been condemned and it’s being illegally rented out.
Doesn't Canada have a shitload of uninhabited wilderness?
Yup. Problem is, not too many people can effectively live hundreds of kilometres away from their jobs. And not many people want a 2-4hr daily commute. And anything that has electricity and water to the lot is already being snapped up by “investors” looking to flip the thing for a massive profit.
We have a really big problem with a lack of effective restraints on the asset-owning Parasite Class