Think of the obstacles to making your money back. Restrictive zoning, comprehensive regulation, zealous activists, rent control, high property and income taxes, new proposals to tax wealth, direct competition from subsidized government housing, and so on and so on. Putting up an apartment building isn’t quite as hard as building a pipeline, but it is in the same ballpark.
You want more people to get into the landlord business? It’s not rocket science: Be nicer to landlords.
I am a Landlord, I love rent 'supply' control. It keeps my rents high. All my units are top end but I could afford to discount them $500 per month but why? The tax man screws me, the City screws me, everyone gives it to me when they can so... those who vote them in pay.
Yes! Our 2 bedroom unit sits empty simply because the tenants have all the rights but landlords take all the risk.
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