'We can no longer build what people can afford'
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Maybe for a bit as those companies go out of business. Then they go way up because there’s no new houses. Or we could solve whatever the underlying problems are.
The absolute gall of you, talking about solving problems. Are you even thinking about those poor rich folks out there?
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maybe you are right, seems i got lost, this is canada’s space.
in america we do have someone at the wheel actively crashing the plane.
sorry for butting in though
That guy is a moron. I’m not sure he’d know a wheel from his foot. He’s just the symptom of a system that’s in a death spiral.
Which I’m sorry about. Hopefully we’re there as a place to go when things get really bad.
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The absolute gall of you, talking about solving problems. Are you even thinking about those poor rich folks out there?
Actually no. This one might not have anything to do with them; few people benefit from homelessness, and the article itself mentions some nebulous thing about the laws governing developments in Vancouver.
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As around 2,500 condos sit unsold in Metro Vancouver, experts warn of 'potential storm coming' for real estate | CBC News
The Canada Mortgage and Housing Corporation says there’s about 2,500 condos sitting unsold and empty in Metro Vancouver. The local real estate industry is concerned about layoffs and hopes for housing policy changes.
CBC (www.cbc.ca)
I bought a condo that was part of an HOA. 5 year old construction. Purchased right before covid hit. Within the first year I had a chandelier fall out of the ceiling with no provocation, which I had to pay to fix. Then my 2nd bedroom started leaking from the roof and window during rain. A fucking 5 year old roof should not be leaking. The best part, I couldn’t pay to get the roof fixed because it was on the outside of the house and those repairs had to go through the HOA. During covid, I’d be in my garage making art, and people would drive through the cul-de-sac asking if any of the condos were for sale. It was my sign to get out. I hated it so much, still couldn’t get my roof fixed, and I still managed to sell it and make 20K profit. Much of the newer construction is absolute trash. Also, fuck HOAs.
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To pay back creditors, sure.
Nobody has a magic money printer. Developers aren’t part of a conspiracy just holding back the good stuff from us, if that’s what you’re implying. Because I know that’s the jerk.
If they need ALL the excess value and leave nothing they will have nothing.
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Economics is only a pseudo-science for the rich. For the poor, it’s always an ineffable mystery.
Where is your source for this statement?
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Historically big business wealth only lasts a few, actually. Nepobabies spend big, and each can have several children of their own to which the wealth has to be divided.
How dare you use facts and logic! This is whining sublemmy and I find it appalling that you don’t just whine like everyone else!
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That guy is a moron. I’m not sure he’d know a wheel from his foot. He’s just the symptom of a system that’s in a death spiral.
Which I’m sorry about. Hopefully we’re there as a place to go when things get really bad.
Thank you! I’ve heard so many Canadians on subreddits want collective punishment and don’t want American victims of Trump to come to Canada even though they can be a massive help to both our economy and our weight in the world through higher numbers of educated people (brain gain instead of drain)! Lets not forget 49.9% voted for trump, the rest are fine imo.
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Thank you! I’ve heard so many Canadians on subreddits want collective punishment and don’t want American victims of Trump to come to Canada even though they can be a massive help to both our economy and our weight in the world through higher numbers of educated people (brain gain instead of drain)! Lets not forget 49.9% voted for trump, the rest are fine imo.
Eh, assholes are born everywhere.
Beyond the collective punishment thing, there’s also the concern about the effect on housing, which is more reasonable. Either BCH needs to be absolutely roaring by the time a big migration happens, or they’re going to have to stay in refugee camps until things slow down. When one of them asks specifically about leaving, I always say bring an RV.
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How dare you use facts and logic! This is whining sublemmy and I find it appalling that you don’t just whine like everyone else!
Yeah, they all seem to gravitate towards that. Hopefully I’m helping.
Since I’ve been white knighting for developers and investors up and down this thread, I should probably mention that I still am team eat the rich, or at least team we shouldn’t have any rich. The funny thing is that they wish they were evil geniuses, like their opposite number around here seems to want to think.
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Where is your source for this statement?
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Cool thanks for the source clown.
I really don’t understand, how do people have the gaul to make such an outlandish comment and publish onto the internet? At least try to prove such an outlandish statement with something.
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Eh, assholes are born everywhere.
Beyond the collective punishment thing, there’s also the concern about the effect on housing, which is more reasonable. Either BCH needs to be absolutely roaring by the time a big migration happens, or they’re going to have to stay in refugee camps until things slow down. When one of them asks specifically about leaving, I always say bring an RV.
Yeah, I agree with everything you said!
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Cool thanks for the source clown.
I really don’t understand, how do people have the gaul to make such an outlandish comment and publish onto the internet? At least try to prove such an outlandish statement with something.
You’re asking for a source for a snide comment “published” on lemmy.
Get a clue.
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As around 2,500 condos sit unsold in Metro Vancouver, experts warn of 'potential storm coming' for real estate | CBC News
The Canada Mortgage and Housing Corporation says there’s about 2,500 condos sitting unsold and empty in Metro Vancouver. The local real estate industry is concerned about layoffs and hopes for housing policy changes.
CBC (www.cbc.ca)
You know how I know there’s nothing in this article that pertains to the best interests of Canadians? It’s sources are in the real estate industry, the least talented yet most entitled group of “entrepreneurs” the world has thus far produced.
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Maybe for a bit as those companies go out of business. Then they go way up because there’s no new houses. Or we could solve whatever the underlying problems are.
The underlying problem is houses are priced to high. There is no such thing as an “unsold home” - they are overpriced. Mystery solved.
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The underlying problem is houses are priced to high. There is no such thing as an “unsold home” - they are overpriced. Mystery solved.
The thing we’re worried about here is unbuilt homes. I think I actually laid it out pretty clearly.
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The thing we’re worried about here is unbuilt homes. I think I actually laid it out pretty clearly.
Overpriced homes will go unbuilt, as will homes for foreign investors and homes for short term rentals. That’s all good news so far. Demand for affordable homes for Canadians homes will continue, and so will supply. Supply of those homes will increase as supply of the overpriced decreases - ie when the real estate industry starts building what people want and no what they want to sell.
“homes will go Unbuilt if we don’t bend over for the real estate industry” is exactly the same lie as “if we tax Job Creators the jobs will go away”.
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Overpriced homes will go unbuilt, as will homes for foreign investors and homes for short term rentals. That’s all good news so far. Demand for affordable homes for Canadians homes will continue, and so will supply. Supply of those homes will increase as supply of the overpriced decreases - ie when the real estate industry starts building what people want and no what they want to sell.
“homes will go Unbuilt if we don’t bend over for the real estate industry” is exactly the same lie as “if we tax Job Creators the jobs will go away”.
The homes in the article were the affordable kind.
