I feel as strongly about this as you. I am a single mom paying over $1200 because I don't want my child to live in a tiny dump. I don't know how I can ever get ahead enough to buy my own place. I also have a big dog, so you've gotta come up with over a thousand bucks for your deposit right away, it's crazy! Real estate prices are coming down, and rental prices aren't, what sense does that make??
It almost IS like the price of gas. Once the consumers have been forced to pay over a dollar for a liter of fuel, what incentive is there for the oil companies to lower the price? Even after the price for barrels of oil have gone down. They already know we'll pay what we've been forced to. I can't imagine a landlord saying to his/her tenant,
'Well, looks like the value of my home has decreased by 8% over the last couple years. How 'bout I give you a break and reduce your rent by $100/month? Oh, and here's a blank cheque for you to go out and get yourself something nice for the yard'.
No matter how we slice it, our price for a piece of the rental pie will stay where it is now, probably get worse,
UNLESS THE PRICE OF RENTAL HOUSING IS REGULATED BY THE PROVINCE OR CITY.
Not sure how this can or will happen, but it seriously must. Seriously.
I pose this question to the one reader of my online rantings (hi mom!):
As a renter in the city of Victoria, are you willing to support and fight for a by-law that would regulate what a landlord could charge for rent?
If so, why? If not, why? Let's get this showboat on the road. Can we do this? Really. Can we?