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by frosted-flakes 1460 days ago
What about renters? People who own multiple residences usually don't let them sit empty; they rent them out, and a robust rental stock is important in any city. Look at Montreal, for example. Most people rent, but someone has to own the buildings.
1 comments

People don't rent for the fun of it, they rent because they can't afford a house. Pretty much anybody would be glad to swap paying rent for morgage payments. As it is, you often have the messed up situation of your rent going to pay somebody else's mortgage interest
Renting is not always just an intermediate step to being too poor to buy a home, it can be a freeing experience to not have the hassle of a home.

With WFH especially now you can work in various parts of the city or move all over the world and at most be tied down to a place for about a year.

Homeowners also never talk about things like paying tens of thousands of dollars when a pipe burst or the roof needs repairing.

That's not true. Owning a home is a hassle and ties you down. Like I said, most people in Montreal rent, and Montreal has some of the cheapest housing in Canada.