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Originally Posted by Ab
More investors will hang on to their properties for ten years instead of five. What do you think that will do to housing availability?
If interest expenses can no longer be offset against rental income for tax, that means renting houses out just became more expensive. What do you think that will do to rents? Landlords will just put up the rents, because they know there's insane demand.
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My white privileged mother in law has had massive increases to her rent and is struggling real hard with the cost of living. I laughed hard at that and told her to check her privilege and stop oppressing others.
I then went back to twitter and laughed some more.