see, this is an example of why i'm waiting.

it's a two bedroom apartment cut out of a house. before the influx of international students, these units would run in the high 600s or low 700s. i had a similar basement unit, initially at 650 (and up to 680 before i moved out). i might be apprehensive about a unit at ground level, but this is similar to what i'm looking for - and should be in my price range.

the place was no doubt bought by some asian guy from toronto, and he no doubt wants to rent exclusively to asian students. so, he's splitting up a two bedroom apartment into rooms and charging $500 a head. but, then he insists on renting the unit together, probably because he legally has to. so, he's trying to rent a two bedroom apartment, but insisting on charging market rent for a room in a big house. i don't want a room in a big house, but a room in a big house comes with certain things - peers, a kitchen, a living room, a backyard. there's none of that, here.

so, he can't rent it - because it's not a room in a house, it's a two bedroom apartment, and market rent for two bedroom apartments of this nature is much less than $1000. it's closer to $700. as he's from toronto, that sounds too cheap to him. so, he's going to let it sit empty in august, because he's trying to charge toronto rent in windsor...

maybe he cuts the price to $300-350 a head for september 1st and rents the unit out.

but, if he stays stubborn and can't rent the unit, what happens on sept 1st?

if it was a basement, i'd offer him $700, unfurnished. that's what the place is worth.

and, there's not a small number of these, either.

rentiers are getting greedy trying to capitalize on this diploma mill, and they're artificially inflating the rent, creating a crisis. a lot of them are going to fail, lose tens of thousands of dollars and ultimately sell the property for nothing. windsor is still an economic backwater with a high unemployment rate and next to no employment prospects. you have to charge below-market rent here, or you're just going to lose a lot of money.

do i have time to wait this out?

https://www.kijiji.ca/v-room-rental-roommate/windsor-area-on/2-full-bedrooms-beautiful-private-all-inclusive-5-min-to-u/1366820048?enableSearchNavigationFlag=true