2y ago

Federal government invests $208 million in south Vancouver rental housing

12 comments

It's something. Abolish single family exclusive zoning in Vancouver proper and we can really celebrate. Costs zero, actually means more revenue.
About $500,000 per unit? I feel like this isn't the solution. Construction prices are too high, zoning is super convoluted, and this clearly isn't sustainable. The feds need to figure out how to incentivize developers and homeowners to build more rental units without trying to empty a lake with a $200 million paper cup.
- Seriously. They keep jacking up demand by importing more people and maybe new savings account but do fuck all to reduce demand.
  How about making only a flat portion of proceeds of a sale tax exempt (like the US)? Getting into the business of building modular homes and working with municipalities to install them? Adding a tax on homes purchased beyond your primary home like Singapore?
  
  The Soviets and Chinese got around this through government-managed housing. Following a recipe with pre-fabricated components is extremely cheap, but we're basically doing bespoke developments everywhere.
This could be resolved by a combination of cut everybody's taxes, eliminate regulations, and cut all of the government fees.
- Lol
- You get rid of those people will still charge the same for a house because they already know people will pay it. They won't just drop the price out of the goodness of their hearts.
- Obviously sarcasm guys, cut this guy some slack
- huh?

12 comments