Thread: Housing market
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Old Posted Jun 15, 2020, 11:53 PM
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Dr Awesomesauce Dr Awesomesauce is offline
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Originally Posted by drpgq View Post
The feds aren't in a great place for generating more affordable housing and this seems to me to be a fairly crazy scheme. Maybe they could do a funding carrot for less restrictive zoning rules. If Hamilton allowed the myriad of towers that have been proposed to go forward (including those over the 30 floor limit) rent rates wouldn't have been jacked up 30% year on year. Right now with the lack of new apartments, even absolute dreck at the bottom is now expensive.
Yeah, I'm no economist but if housing is too expensive, which it very clearly is, the government need look no further than its own policies. Relax zoning bylaws as a starting point. If things aren't working, do less, not more.
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