The question is will the current govt do anything about this or is it all just talk. If it's just talk, I'm thinking about selling all my rentals and going into something else, maybe forest land, farm land, mini-storage, something other than housing rentals. Is anyone else thinking along these lines? --75.7.xx.xx

Trump's turn will end and that movement may pick-up speed. --172.59.xxx.xxx

Who benefits the most from the destruction? --174.240.xxx.xxx

There have been some recent local elections here that aren't too good. Talk of extending eviction times and things like that. Also, a local tenant group that fairly recently got started up but a bunch of woke. --73.19.xxx.xx

My alternative plan started 6 years ago. --204.10.xxx.xx

The local college here is teaching wokeness as well. We also are getting a new judge. Probably from all the transplants moving here from blue areas. --73.19.xxx.xx

As long as there is democracy then landlords will have rights where the constitution will prevent dictators from expropriation of rental properties. Housing is not a right where people live for free with free utilities or food is free and everything is free. The provincial progressive government of Ontario passed bill 60 where the leftist opposition could do absolutely nothing as a majority government goes ahead then end of story. The eviction process is where tenants would have pay half of the rent arrears before a hearing along time frame shortened for eviction. In the province of Ontario there are lot of rental buildings experiencing vacancies where landlords are going to evict non paying problem tenants while the majority of tenants who respect property will stay. It is always the 2 per cent where if they do not want to evicted then pay up the rent arrears. There is a glut of unsold condominium units where those who own will have reduce rent to fill where will operate at a loss. No one is going to be homeless where rental market is working. If the Ontario provincial government emptied the provincial treasury there would be not enough to buy out all the rentals. Those jurisdictions that are hostile to private sector landlords the housing crisis is getting worse. Rent stabilization which is rent control is where there no money to renovate rental buildings where the landlords are sitting leaving vacant as they recoup the expense of major repairs and renovations. Doubt the city of New York has the money to buy out all the rental buildings. First thing that happens is the city must do expensive repairs and renovations then the tenants get large rent increases as no longer under rent control. RGI non sense is not rent control. Next election like what is going to happen in the city of Toronto the socialist mayor is out where not as radical as in New York where people are fed up with tax increases. --216.110.xxx.xxx

Many of the big cities you speak of have made it difficult to near impossible to build anything for the last 25 years. Now that we have a housing shortage it is somehow the fault of landlords. We are seeing more development and looser approvals here in the last 5 years. It’s not impossible now just close to impossible. I’ve suffered under these rules personally. --174.249.xxx.xxx

There was a professor that taught at the University of Colorado in the 1980's that I took via video classes. I still remember his explanation that society is like a pendulum, it swings back and forth about ever 30 years. Sometimes it swings further than other times, but the cycle has been constant the last 150 years. I'm hoping he is right. --99.64.xx.xx

--64.246.xxx.xx

It is important for investors to spot a trend - it is more important to act the trend spoted. --173.188.xx.xxx

I'm seriously considering going back to buy-fix-flip style that I used to do in Calif. After fixing a place, instead of renting it and dealing with the problems, I'm considering just doing a 1031 into a different fixer or maybe into a REIT (doing self storage maybe) or farmland or NNN property. That way, I just concentrate on finding and fixing, not deadbeats. --75.7.xx.xx

And also there are several established, dare I say it, SLUMlords who only rent to SLUMtenants that can fog up a mirror as long as they get their gov't subsidized rent check. They have no pride in their property nor the neighborhood. I NEVER see them around and wouldn't know what they look like. --64.246.xxx.xx

Richard, that's assuming you can find the properties for the 1031. We cannot (not that we've ever done them, but I do watch the biz.) Prices are going down in our area not up so a flip would could end up in the red. --73.216.xxx.xxx

Richard, that's assuming you can find the properties for the 1031. We cannot (not that we've ever done them, but I do watch the biz.) Prices are going down in our area not up so a flip would could end up in the red. --73.216.xxx.xxx

If you stay in the same property type, you have to be certain on the location in the market cycle. With sales volume down so low, that isn't crystal clear. We are at year 18 of an 18-year cycle. --173.188.xx.xxx

Good point there, Ray. Yes, finding a different type property looks like it might be the key. --75.7.xx.xx

Good point there, Ray. Yes, finding a different type property looks like it might be the key. --75.7.xx.xx

It is common in the province of Ontario after the Christmas break in January a lot of tenants are evicted. Since bill 60 was passed a tenant must pay 50 per cent of the rent arrears before they can attend rent tribunal hearing along must put in writing any repairs or maintenance issues where time frame is shortened for a hearing and eviction. It always two per cent of the tenants that are problems. The majority of tenants pay rent along with respect property. Now there is historic vacancy in the province of Ontario where landlords are trying minimize vacancies along with try to improve rental complex. The socialist said there would mass evictions and homelessness where some tenants have to realize that is a priority not illegal drugs or alcohol. What is happening in New York is the city does not have the money to buy up at the rentals where only increasing taxes with broken promises. This more more than likely the last year of the socialist mayor in the city of Toronto where not as radical like what is happening in New York city. Increases in property tax, water sewage charges are passed onto tenants in higher rent where there is no freeze. In Canada a socialist democratic provincial government only lasts four years then voted out. --216.110.xxx.xxx