Quote:
Originally Posted by Redtruck
Hong Kong is not where Vancouver city planners should look for inspiration.
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I wasn't planning on getting back to this discussion, but I think you were one of the few that actually see what is happening. Metro Vancouver living standards have
already permanently deteriorated, but many have yet to wake up to it. Wanna go hiking or swimming in a local lake? Tough luck unless you go before sunset. Wanna start a family? Good luck trying to make that work in a 500 sqft 1BR apartment while trying to WFH off a kitchen counter. Oh, and don't even dream of finding a daycare spot until 3 years later. The list just goes on and on, and none of this was the norm only a short 10 years ago.
There are also a lot of young and naive people that will never own anything and be happy, which is perfect cattle for governments and corporations. I also laugh at people cheering for "below-market rental" as our savior, when even those are absurdly priced and onlu keep going up. What consolidation is it really when a below-market 1BR is in few years going to be the same $3,000/month, current market 1BRs are?
One has to roll on floor laughing for so many to genuinely to believe that building more (and taller) housing will fix all problems and not induce more demand? Yet those very same people believe in the fairytale of induced demand when it comes to roads. I just love how narratives only apply when it can justify your make-believe.
Canada has entered the endgame as probably the first developed country to be turned into a developing country and it only took few decades. I cannot wait for the excuses people will make when loadshedding begins in just few years.