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A comment on Canada to ban foreigners from buying homes. Parent comment

Re:Canada to ban foreigners from buying homes by quickthrowman on Thursday April 07, 2022 @01:44PM (#30947883)
How on earth would higher home sale prices by corporations bidding housing up push rent down? It has the exact opposite effect, rents go up if a property costs more..
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Re:Canada to ban foreigners from buying homes by woah on Thursday April 07, 2022 @06:34PM (#30951133)
Seriously? What's the mechanism of this magical connection? Rental prices go up if there is more demand in the rental market.
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Re:Canada to ban foreigners from buying homes by liketochill on Thursday April 07, 2022 @07:17PM (#30951488)
Landlords don’t buy properties to rent at a loss. Before they buy they make sure they will be able to charge the rent they need to cover costs. Or at least I do.
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Re:Canada to ban foreigners from buying homes by woah on Thursday April 07, 2022 @07:50PM (#30951709)
Exactly. Corporations are buying houses because rents are high. Rents are not high because corporations are buying houses.

Rents are high because there are not enough houses on the rental market, because not enough houses are built.

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Re:Canada to ban foreigners from buying homes by nawgz on Monday April 18, 2022 @05:23PM (#31076757)
You talk about supply and demand in your comments, and then somehow the idea that corporations controlling the supply lets them manipulate and ignore demand just goes over your head. Strange.
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