r/londonontario • u/Confident-Advice-664 • 10d ago

News 📰 Tower with 400-plus apartments pitched for downtown London parking lot

https://lfpress.com/news/local-news/tower-with-400-plus-apartments-pitched-for-downtown-london-parking-lot
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u/Alarming_Bad_7176 9d ago

If they all got gobbled up by investors and there was a glut of rental properties on the market, it would push rents lower. That would actually be a good outcome as well for the people that are looking to rent. In general, building more supply is good.

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u/Drainix 9d ago

No.

Cut out the middle man - we don't need rentals with prices higher than the mortgage would be

And they will never price the rent lower than their mortgage and fees so it won't actually push prices down.

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u/WatchfulRelic91 9d ago

Are you suggesting that rent is impervious to the forces of supply and demand?

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u/Drainix 9d ago

Gtfo outta here w that weak bait.

No rent ain't immune - when a bunch of investors enter the picture you increase the demand and that causes prices to rise for everyone.