647
'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month
(toronto.ctvnews.ca)
What's going on Canada?
π Meta
πΊοΈ Provinces / Territories
ποΈ Cities / Local Communities
π Sports
Hockey
Football (NFL)
unknown
Football (CFL)
unknown
Baseball
unknown
Basketball
unknown
Soccer
unknown
π» Universities
π΅ Finance / Shopping
π£οΈ Politics
π Social and Culture
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
Bank can't do the same thing?
This is what I don't get. Where's the risk for the lender? If I can't pay, they get the house and can sell it. I guess there's a potential cashflow issue but the underlying asset isn't going anywhere.
Typically it's pretty low risk in comparison to other loans which is why home loans are relatively low but there's a risk that both the property value declines and the outstanding loan and selling costs is more than property value.
No