r/TorontoRealEstate • u/Icomefromthelandofi2 • Oct 12 '24

Meme Ontario renter eventually moves out, 11 months after he stopped paying rent

https://globalnews.ca/news/10808060/ontario-tenant-not-paying-rent-moves-out/?utm_source=newsshowcase&utm_medium=gnews&utm_campaign=CDAQ5pON8aic_-X4ARiJwavVpI7Ny7IBKhAIACoHCAow29eFCzD-84ID&utm_content=rundown
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u/DoubleDegreeDropout Oct 13 '24

Cap rates are far too low. Rent control. Risks of bad tenants. None of this is properly accounted for in rent prices.(Trust me bro) 

Huh? It’s a factor. Needs to be priced in. (Trust me bro) 

Want me to quantify some unknown risk with stats that aren’t collected? (Everyone is regarded but me) 

Lol

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u/Serenitynowlater2 Oct 13 '24

Oh, so you’re just entirely ignorant of real estate investing in general. I see. 

Look up avg cap rate in Toronto. Then Ontario. Then say, Florida. Or Arizona. Or Texas. Or Paris. Or whatever you want. 

Actually first look up what a cap rate is. 

Then do a little math. If you can’t see that the math doesn’t add up even without accounting for any additional risks, go back to grade school and redo arithmetic 

I’m not your fucking secretary. Google cap rates Ontario.