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I’m not sure.

At a certain point, if landlords strangle renters it can make hiring hard (workers can’t afford Cost of living if rents are too high), thus making the business environment uncompetitive.

Will the business community have more power than landlords?

I think so, eventually.



So far the business community's response has been "no one wants to work." because they can't afford to pay salaries.

Ultimately, people vote with their feet, or government intervenes on behalf of those who would lose money.


In Canada business and government says this stuff, to justify importing immigrants to work for low wages and often lower standards of living.


Importing immigrants in Canada requires that the employer provide suitable housing for the imported workers, so that brings us back to the earlier comment.


In a lot of documented cases a tim Hortons franchise owner owns rental housing and rents it at outrageous rates to temporary foreign workers.


Peter Thiel agrees and has shifted his investments out of the Bay Area because high housing prices make it too expensive to hire workers there.

https://sf.curbed.com/2018/3/19/17138290/peter-thiel-slumlor...




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