Rent control goes a long way to solving the housing crisis
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Rent control goes a long way to solving the housing crisis
Imposed from above during an economic emergency, rent control played a significant role both in curbing out-of-control inflation and solving the housing crisis Canada was experiencing at the time. A combination of robust rent control and concurrent investments in public housing saw housing prices fall by as much as 30 percent in real terms between 1975 and 1978.
(canadiandimension.com)
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This post did not contain any content.
Rent control goes a long way to solving the housing crisis
Imposed from above during an economic emergency, rent control played a significant role both in curbing out-of-control inflation and solving the housing crisis Canada was experiencing at the time. A combination of robust rent control and concurrent investments in public housing saw housing prices fall by as much as 30 percent in real terms between 1975 and 1978.
(canadiandimension.com)
There is only one mechanism that both reduces rent, and increases housing supply that I’ve heard of. Taxing the shit out of the land value (not the property value) a.k.a. Georgism.
The problem with this is that it WILL reduce the cost of housing which isn’t what our leaders actually want. They won’t say that part out loud though. This is because people want both affordable housing for our youth and people starting out, and they want retirees to be able to cash in on the value of their home.
You CAN’T have both things. If the market was flooded with $300k houses then the value of everyone’s house would plummet because why wouldn’t you just buy a $300K house instead of a $1M house?
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There is only one mechanism that both reduces rent, and increases housing supply that I’ve heard of. Taxing the shit out of the land value (not the property value) a.k.a. Georgism.
The problem with this is that it WILL reduce the cost of housing which isn’t what our leaders actually want. They won’t say that part out loud though. This is because people want both affordable housing for our youth and people starting out, and they want retirees to be able to cash in on the value of their home.
You CAN’T have both things. If the market was flooded with $300k houses then the value of everyone’s house would plummet because why wouldn’t you just buy a $300K house instead of a $1M house?
Pretty sure they did say that out loud though.
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Pretty sure they did say that out loud though.
I’ve heard them say it, but then quickly walk it back with phrases like how of course they are for affordable housing.
Note that this isn’t a liberal, conservative or even NDP or PPC thing. I haven’t heard ANY of them propose anything that would actually make housing affordable at scale.
If you’re heard any different please point me to it.
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I’ve heard them say it, but then quickly walk it back with phrases like how of course they are for affordable housing.
Note that this isn’t a liberal, conservative or even NDP or PPC thing. I haven’t heard ANY of them propose anything that would actually make housing affordable at scale.
If you’re heard any different please point me to it.
I voted liberal, so I was just depressed to hear those words from the new housing minister.
No party has proposed an actual plan to bring in affordable housing though. Everyone in power is invested in realestate.
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I voted liberal, so I was just depressed to hear those words from the new housing minister.
No party has proposed an actual plan to bring in affordable housing though. Everyone in power is invested in realestate.
Ha, yes I heard plans that I believe would actively make it worse from the Cons and PPC, and plans that I believe will have a marginal positive impact, but won’t address the problem from the Libs and NDP. Reducing the cost of housing by 1-2% or even 5% isn’t going to make $1M house suddenly affordable.
