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When the rental market gets out of control, you can do this...

DonCampbell

Investor, Analyst, Author, Philanthropist
Staff member
REIN Member
Joined
Aug 22, 2007
Messages
2,005
We do seem to get caught up in the 'problems' of affordability in Canada (despite them being NOTHING near the crisis seen in many other jurisdictions in the world). We love a good drama, don't we?

Can't afford your mortgage payments, but still want to live in the center of it all, well you can always try this 'Creative" mortgage helper :

When the rental market gets out of control you just become creative! #affordabilityissue http://www.timeout.com/london/blog/someone-is-renting-out-a-tent-in-a-london-living-room-for-550pcm-091115
 

SVS

Realtor/Investor K-W-C and surrounding area
REIN Member
Joined
Jul 28, 2013
Messages
211
I think what makes it over the top funny is the fact that it is renting for 550 plus utilities. But maybe this is is no joke, this a clue to how we can increase cash flow in our properties! lol good article
 

DonCampbell

Investor, Analyst, Author, Philanthropist
Staff member
REIN Member
Joined
Aug 22, 2007
Messages
2,005
Don't think this would be one of the recommended strategies being discussed at the Rapid Cash Program coming up.....
 
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