[refurb]

Providing housing is exactly how the word is defined - giving something - in this case a place to live.

Go and ask all the landlords in Toronto how the finances are working out.

Tons of landlords were cash flow negative against fully loaded costs. Then the market flipped and house prices dropped 30%.

Now they’re shelling out $2000 of their own cash per month, gaining $500 in equity, while they pay down a $700,000 mortgage on a home worth $500,000.

[WaxProlix]

This sounds like an investment that didn't pan out - I've had one or two of those myself, never pleasant. But are they providing housing? I guess in my mind the builders, equity incentive assistors, re-zoning advocates, etc might be 'providing housing'. How is a landlord providing housing?