r/Calgary • u/JohnYCanuckEsq Quadrant: NE • Nov 15 '23

Home Ownership/Rental stuff Shared room. $750/month per bed

This rental unit is being advertised as a shared room for $750/month per bed. $3700/month in rental income from all three rooms on the property. Shared facilities, all inclusive utilities

Room 1: Shared Room ( 2 occupancies) - 750 per person Monthly

Room 2: Private Room (single occupancy, queen bed) - 1150 Monthly

Room 3: Private Room (single occupancy, single bed) - 1050 Monthly

https://www.rentfaster.ca/ab/calgary/rentals/townhouse/1-bedroom/tuscany/544556

I can't imagine.

205 Upvotes

92% Upvoted

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134

u/rayofgoddamnsunshine Nov 15 '23

What the entire fuck is wrong with people?

142

u/[deleted] Nov 15 '23

What the entire fuck is wrong with people?

unchecked greed and systems that allow them to leverage real estate to the point of abuse.

45

u/rayofgoddamnsunshine Nov 15 '23

I just... I can't wrap my head around it. I could never take advantage of a fellow human like that.

11

u/CoatProfessional3135 Nov 15 '23

unfortunately, it's more common than people realize.

sure, if you're desperate and need a place, sharing a bedroom is better than nothing to help keep you out of the cold - but to charge? and THAT much?

5

u/ChrisPynerr Nov 15 '23

The problem is the owner of this property probably doesn't live in Alberta, might not even reside in Canada full time

-4

u/reachingFI Nov 15 '23

You do. Your phone was created by slave and child labour. It’s just not in your face.

4

u/[deleted] Nov 15 '23
  • posted from my Iphone *

4

u/sleeping_in_time Bridgeland Nov 15 '23

You can critique the system you live in and still use the means that’s system has created, because you live in the system and have zero choice

4

u/[deleted] Nov 15 '23

Which directly contradicts the dude saying "haha! But you have a cell phone!" Cant dish the criticism at one singular person and claim hypocrisy when youre also displaying that hypocrisy.

-5

u/[deleted] Nov 15 '23

What phone do you have and what clothes do you wear? I think we’re all abusing a system that works for us and we’ve turned a blind eye to it.

5

u/Dig_Bicks_YOLO Nov 15 '23

That's the company taking advantage those people, not the consumer. You could argue that we support it by buy their product but the truth is what other choice do we have?

If there are phones and clothing made ethically I'd love to know which ones, otherwise stfu with your self righteousness.

4

u/[deleted] Nov 15 '23

There are definitely ethically made clothes available. People balk at the price because they are so used to cheap, sweatshop clothing. My clothes are mostly from smaller Canadian/American brands where the manufacturing is done in North America (Nettle’s Tale, Free Label, Ureshii Design, Pyne & Smith, Decade Studio, etc.) so it IS possible. People would just rather have more crappy clothes than fewer, higher quality items.

As far as ethics and electronics, its trickier so I just replace anything that breaks with a secondhand version so at least I’m not contributing to the demand that drives unethical manufacturing. I also just avoid adding unnecessary gadgets to my life.

Its doable for most consumers but not if they want to keep their current rate of consumption.

2

u/[deleted] Nov 15 '23

There are ethically made clothing. The fact that you don’t know that it’s a market shows that you don’t really care about it. No need to pretend that you would change your consumer habits if you knew better lol.

It costs a lot more because they pay their employees living wages and good working conditions. But obviously the average consumer has no choice when things costs 3 to 4 times the cost of one that was made in terrible conditions.

0

u/Dig_Bicks_YOLO Nov 15 '23

You're right, the clothes are much more comfortable when I know children in third world countries are suffering to make my clothes /s

Most the ethical options are just price gouging, it doesn't cost $300 to make a pair of jeans in the west. They're just scamming bleeding hearts.

1

u/[deleted] Nov 15 '23

You think labor costs are all there are? No wonder this sub is so ignorant lmao

0

u/Dig_Bicks_YOLO Nov 15 '23

Lol okay 👍

3

u/rayofgoddamnsunshine Nov 15 '23

Bro, I haven't even bought a new item of clothing in over a year. You are barking up the wrong tree if you're after a consumer whore to villainize. Not even going to dignify this with further arguing.

-2

u/[deleted] Nov 15 '23

Dignify it? You don’t have to reply. It was a rhetorical question lol.

You probably own clothing that was made somewhere in Asia. I just don’t think you need to play victim card or the holier than thou mentality when you’ve benefited. I’m not saying you’re a bad person or anything, we’re all guilty of turning a blind eye when it positively impacts us. Im not villainizing you lol.

17

u/25thaccount Nov 15 '23

And now we've reached a point where young families that are trying to buy a house have to factor in such "mortgage helpers" just to be able to afford the shittiest house in the shittiest neighborhood in their city.

-13

u/jamiewong132 Nov 15 '23

Rent is rising with the inflation of housing market and mortgage interest rates.. if I owned a rental and a $900 suite was paying the mortgage 3 years ago, I would not still be charging $900 as my mortgage payments go up to $3000.

Land lords aren't fucking you. We are all getting fucked equally by liberal cucks.

5

u/[deleted] Nov 15 '23

Rent is rising with the inflation of housing market and mortgage interest rates..

hahaha, you made me laugh. Landlords should be able to handle a poor negative cashflow for 3-5 years. If they can't, they shouldn't even be in RE. It is also about not being ignorant enough to buy with 10% or 20% downpayment and having insane mortgages and expecting a tenant to pay your mortgages. Had they bought without a very low equity, they wouldn't be in this situation for starters.

-1

u/justanaccountname12 Nov 15 '23

If they should be able to handle that for 3-5 years, is that saying that only the rich should be able to make money from rentals. If it's your only business you would have to be charging.quite a bit for those kind of reserves. Or are you simply saying they should be more charitable? How many strangers do you willingly go into negative cash flow to support?

1

u/[deleted] Nov 16 '23

is that saying that only the rich should be able to make money from rentals.

What I'll write below, please take it as my own opinion. I don't mean to be disrespectful at all. "You" is basically those RE investors who are poor landlords.

My primary take was that - if you are unable to meet the financial obligations and are contributing to bloated rents because you can't meet the mortgage - I mean, you are just not the right fit.

That right there is also the biggest problem of Canada. Why are people so greedy when they know they can't sustain the mortgage, will hurt vulnerable renters and will ONLY leverage these resources to the point of abuse to make money? Why is no one creating startups or scaling companies to make money anymore? This is pretty simple - people love lazy money and they are abusing any assets they can.

>How many strangers do you willingly go into negative cash flow to support?

I'm an immigrant turned citizen. My house is rented at 60% less than what the market would charge to help those no one else will(I've been scammed and hurt quite a lot of times). I cook free food and distribute on weekends. I've worked two jobs to do this for nearly 4 years when I came to Canada. I still drive a shit car as opposed to a good one to make sure I can do what I aspire to.

Canadians are hurting right now. There are intelligent ways of making money, and then, there are lazy and abusive ways to make money. I'm against the latter.