Quote:
Originally Posted by Vin
Without the increase in property taxes paid by new owners, property transfer taxes, and contributions from developers, do you think Richmond and the province would have the ability to come up with funds for City projects?
To be fair, where in the world which is at least half decent is really affordable these days? Human population is increasing, and the planet Earth isn't really making new land, so huge price increases is expected, especially for cities and countries that want huge population increases. You can mitigate the situation, but you can't turn back the clock on that.
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I get that affordability is a concern everywhere, but let's not pretend Vancouver is like everywhere. Housing prices are way out of whack of local incomes and economies, especially when compared to other expensive cities around the world. This is more than just capitalism run amok.