Nimbyism is Shutting Down Rental Supply and Rents Will Keep Rising

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Real estate investing involves purchasing, owning, managing, renting, or selling real estate for profit. It can be a lucrative investment strategy, but it also comes with risks and challenges.

One of the challenges in real estate investing is the issue of NIMBYism, which stands for "Not In My Backyard." NIMBYism refers to the opposition of local residents to new development projects in their neighborhoods, such as new housing developments or commercial buildings.

NIMBYism can be a significant obstacle to increasing the supply of housing, which can lead to higher rents and housing prices. When there is a shortage of housing, landlords can charge higher rents because there is more demand than supply. This can make it difficult for renters to find affordable housing, especially in areas with high demand.

NIMBYism can also lead to a lack of diversity in neighborhoods, as new development projects may be blocked due to concerns about the impact on property values, traffic, or the character of the neighborhood. This can make it difficult for people with lower incomes or different backgrounds to find housing in certain areas.

Overall, NIMBYism is a complex issue that can have significant impacts on real estate investing and the availability of affordable housing. It is important for investors to be aware of these challenges and to consider them when making investment decisions.

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Hey there, have you heard the latest gossip about the Canadian real estate market? Well, let me tell you, things are heating up! In this video, we're going to spill the tea on what's going on with the future supply crunch, immigration, and the housing market. First up, let's talk about the future supply crunch. Rumor has it that there's going to be a shortage of homes in the coming years, which could drive up prices even more. And speaking of prices, have you heard that the housing market is back in the seller's market? That's right, sellers are calling the shots again, and buyers are scrambling to get their hands on a piece of the action. But wait, there's more! Immigration is also playing a big role in the real estate market. With more people coming to Canada, the demand for housing is only going to increase. And let's not forget about house prices. After a bit of a dip, they're springing back up again, which is great news for homeowners. But with inflation on the rise, will this trend continue? We'll spill all the details and give you the inside scoop on what it all means for you. So, grab a cup of coffee, sit back, and join us as we dish on the latest gossip about the Canadian real estate market.

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