Quote:
Originally Posted by Vin
They will when there are governmental directives, as well as the right municipal policies that enable higher construction economies of scale for builders to get their profits via larger-scale developments. That's how cities in other countries OUTSIDE the Lower Mainland can provide affordable housing for their masses. For instance, affordable housing prices are capped, so developers simply can't screw the system. They need to work with it.
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I can see where you're getting at for rental, but I still can't see it for condos - which is why doing condo projects are frustrating as it's a scam - as the market dictates home prices. I mean... you'd need something almost akin to co-op housing to maintain a unit's constant affordability and not inflate with crazy market prices.
I guess you could argue if someone wanted to punch above the viewcones that they had to hold X amount of units for a certain rate what are held at below-market values maybe through a legally-binding housing agreement like they do secured rental housing? I have no idea as I don't work in that form of real estate. Sounds like a nightmare though.
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