Quote:
Originally Posted by fredinno
The flip side would be the argument that since these units are being subsidized, everyone else on the same tower has to pay higher prices to subsidize their lower rents.

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You'll still end up "subsidizing" them one way or another, when they become homeless - through your taxes and other costs.
And also just because you don't have the subsidized units in your building doesn't automatically mean that the unit costs for the rest of the units will automatically become lower.
The real estate market doesn't work that way.
The developer will still make (more or less) the same profit he will from you regardless.
The subsidized units will take a chunk out of HIS pocket and his profit margin and it's usually a cost that they factor in when they're getting some other consideration or concession (like more FSR or building height) from the city.
Your unit cost is determined by the market - not whether or not you have subsidized units in your building.
If they end up not putting subsidized units in your building and instead have market units, they don't then turn around and use the extra profit to enable or allow other residents pay less for their units.
It doesn't work that way.
If they could get away with having no subsidized units (like they have had in Burnaby for the longest time) they would.
It's obviously become a political problem on the cities' and various municipalities' end that this hasn't been factored or aggressively addressed before and it's a new reality that developers (even in Burnaby) now have to grapple with.
You - the person buying a unit in the building - pay the same, either way.