Quote:
Originally Posted by Migrant_Coconut
On the third hand, since some demographics are more negatively affected by the cost of living, it stands to reason that building certain kinds of supply will be more helpful than others.
Burnaby gearing most of its development towards the people least affected by the housing crunch? That's going to be seen as UN-helpful, and understandably so.
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I'm not really sure what you are saying, or how it corresponds to what I wrote.
Are you saying that building more condos increases prices (ie is UN-helpful)?
Are you saying that young people (who are most likely to buy or rent small condos) are the people least affected by the housing crunch (I would have thought elderly homeowners are the ones least affected by the housing crunch, so gearing supply to them would mean, what, building more bungalows on 6000 sq ft lots next to skytrain stations?).
Are you saying we should upzone single-elderly-couple-home neighbourhoods to allow for more missing middle housing (in which case I agree, especially in Burnaby, but the absence of this doesn't make building new condos a bad thing, in fact it this absence which makes new condos so profitable because it makes people desperate to buy whatever is available)?
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