this post was submitted on 29 May 2024
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Trudeau says housing needs to retain its value (www.theglobeandmail.com)
submitted 5 months ago by [email protected] to c/[email protected]
67 comments fedilink hide all child comments
 

In case anyone still wants to somehow debate whether the Liberals will deliver affordable housing.

“Housing needs to retain its value,” Mr. Trudeau told The Globe and Mail’s City Space podcast. “It’s a huge part of people’s potential for retirement and future nest egg.”

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[–] [email protected] 5 points 5 months ago (1 children)

Land should retain its value, houses should deteriorate just like they do physically.

[–] [email protected] 1 points 5 months ago (1 children)

Like in Japan

[–] [email protected] 2 points 5 months ago (1 children)

Fyi. Japanese housing structure lifespan is rather unique.

https://en.m.wikipedia.org/wiki/Housing_in_Japan

An unusual feature of Japanese housing is that houses are presumed to have a limited lifespan, and are often torn down and rebuilt after a few decades, generally twenty years for wooden buildings and thirty years for concrete buildings – see regulations for details.

[–] [email protected] 2 points 5 months ago

Helps that they have a lot of earthquakes that tear buildings down in their own. New construction takes an evolving, anti earthquake designs into consideration.