Quote:
Originally Posted by OldDartmouthMark
So none of you people think that there is something wrong when there are people who have been living in a building for years at a price point that they can afford, and are now being dumped into a market where availability is slim to none and prices have probably doubled or tripled since they first moved there?.
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Apparently many here admit it’s wrong but somehow refuse to look at what could be done other than “just move to some modular home on the periphery” at best or “the sacrifice is worth it to appease the market” at worst.
Let me make some things clear to a few folks here:
1) Local zoning is not a housing policy. Federal and provincial governments set that course, the municipality with all its councillors and planners are at the very end of the tunnel.
2) The main housing “policy” mentioned by many is only a half-baked version of Chicago-school economics. No mention of simple solutions such as RGI or off-market housing, and rent control gets mocked more than it ought to be.
3) New infrastructure runs into similar issues as upzoning or unlocking new lands: Build a new highway into the wilderness, much of that new housing will be unaffordable estate lots. Build a new transit line through a neighbourhood rich or poor, people living near stations loose a home while the lands go to the highest bidder, making way for far-from-affordable towers. Infrastructure, like zoning, needs to be accompanied by a housing policy.
4) Developers do not create a “public service”, they create
use value which is quite frankly far more open to exchange than it should be.
5) Yes, the government is at fault and can’t be trusted, mostly because it has kowtowed industry interests by first creating loads of crappy projects meant to avoid competition with private real estate, then by restricting it to the “neediest” (Mulroney’s words not mine) to a point where tenants can’t pay for maintenance, before offloading that file to provinces. Now local governments and cooperatives can’t even maintain these boxes and sell them off to developers. Take it from David Hulchanski, not me.
6) Cash payment to tenants for rentals are not going to work because developers have themselves already received large cash incentives which have produced little to no new truly affordable housing. Cash payments are veering on UBI nonsense peddled by the Greens. Sure, you may give more freedom to choose, but does it secure any right to stay where you are? Far from it. They could be dispossessed so easily without some form of rent control.
7) To the S&D folks, sure, simple enough… but be careful. Countries have struggled to increase their housing supply by 2-3% annually at the best of times. Yes, there is a housing market with its rules but we have created it,
so please, stop describing it as a force of nature.
This election matters a ton for housing, more than the provincial or municipal ones, so make your choice, any choice. But my final piece of advice is don’t count on the government to save us from “big bad business”, but in equal measure don’t expect the “entrepreneurial” real estate industry to fill the void of “inefficient bureaucracy”. The state and private interests are really more intertwined than frequently imagined.