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Originally Posted by logan5
There was a study released by the city with regards to the social housing aspect of the DTES plan. While the social housing demands for thje Oppenheimer area were deemed unrealistic, the rest of the DTES with a call for at least 20% social housing was deemed do-able, so probly maybe 30% would work as well.
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There are a lot of studies that aren't worth their weight in money so without reading it myself I'll take your word for it but forgive me is I'm skeptical.
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Not sure what your definition of low income is, but retaining housing for blue collar workers, or low to medium income people is less about living on prime real estate and more about having a well functioning city. Social housing doesn't necessarily mean welfare rate, it could also mean below market rate, which would be much easier to carry.
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But market rate is just that... market rate. Why would 1 landlord decide to price housing under market rate? Just because they want to be nice? If that were the case then this wouldn't be an ongoing record of "we need more affordable housing" that we've all heard since we were in Elementary school.
In Vancouver the median income (medium) is $66,000 per year roughly. So I'd classify low as being half that and under. $35,000 or less. Take tax, CPP, EI and stuff off that and you're probably around take home $27,000 per year. Good economic sense is not to spend more than 50% of your earnings on housing so if you take that high water number that's $13,500 per year or $1,125 per month.
If that is low income then again, you can get that easy out in the suburbs. Rent rates in many parts of Burnaby around Lougheed are under $550 a month. Surrey rent rates depending on where you are can be $450 to $700 easy. Even in my brand new 1 bedroom condo unit smack dab next to King George Skytrain, the maximum I can expect for rent is $1,100.
So if by affordable housing you are talking $1100 a month or in that range then ok I think sure it makes sense for Vancouver to maybe consider more efforts in that direction. If you are classifying low income as meaning housing should be say $500 a month in Vancouver though, then I think you're out to lunch simply due to land prices.
Nobody can afford to build anything anywhere in Vancouver and rent it out at $500 a person. Heck there are few places you can rent it out for $1100 a month. 8 years ago my sister and her boyfriend lived in Kits in a basement suite, 1 bedroom, in an old house that was a death trap with 10 others living in it and they paid $1400 a month.
And did I mention it was a death trap! When everyone was evicted before the Olympics so that the owner could "renovate and jack up rents" the city actually condemned the home and said he had to tear it down. It has gone 5 years now completely empty because of that.
Build a SkySubway down Broadway, build a bunch of new buildings, charge huge amounts for rent, and I guarantee places will be packed full. People who want affordable housing should move to where the affordable houses are, in the suburbs where ironically most of the "blue collar" jobs are moving to anyway. There will come a time in the next 10-15 years where if you are a blue collar worker living in Vancouver, you'll have to commute to Burnaby and beyond to work. The truth that people in Vancouver need to finally have sink into their brains is that you can't have everything you want. You can't have a magical picturesque city by the beach where you can rollerblade around the Sea Wall on a warm summer day, walk 2 blocks to a few SkyTrain rapid transit lines, go shopping at a local shop then hop a bus 10 minutes to the flag-ship Apple Store, and meander 15 minutes from your door to catch a Broadway Play all the while paying $500 a month for rent.
If it was that easy to do, they'd have done it in Vancouver already.