Do you live in Vancouver? I’ve moved around it a fair bit personally, but every building I’ve lived in has had a few tenants who were lifers. So you raise a theoretical point about how it’s impossible to have long term tenants but my experience disagrees with that: some landlords genuinely do subsidize their tenants, happy to just have someone “pay the mortgage” on the property. It’s an inefficient market like that.

And what about new tenants? If they can afford a new opportunity, why should we deny them? We love to kick out NIMBYs but long-term renters paying below rent is a no-no?

My comment was about how we support long term tenants, so yes this definitely comes at the expense of new tenants. Yes we deny them/make it more difficult for them; this is a cost of incentivizing incumbents in the community.

And hilarious that you think we love to kick out NIMBYs. I really don’t think you live in Vancouver.