this post was submitted on 05 Apr 2024

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Vancouver is in a ‘full-blown crisis’ for housing affordability: Report (globalnews.ca)

submitted 7 months ago by [email protected] to c/[email protected]

16 comments fedilink hide all child comments

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[–] [email protected] 22 points 7 months ago (2 children)

It's everywhere in the country. In 30 years, I have never ever seen so many homeless people in Montréal. Same for Ottawa. But hey, capitalism is the best system so lets do nothing about it, the market will magically fix things.

[–] [email protected] 8 points 7 months ago (1 children)

And violence, drugs, firearms, car thieves, garbage, etc. Poor Canada :-(

[–] [email protected] 2 points 7 months ago

As a former US resident, this is not exclusive the Canada. Shit is broken all over.

[–] [email protected] 13 points 7 months ago

"first-time homebuyers" ?!? Z/Alpha will never be able to buy something, when you earn 2000$/month and rent is 2000$/month, you cannot even live.

[–] [email protected] 2 points 7 months ago

Are you certain? Perhaps we should sit on this for another five years and do another study..

[–] [email protected] 1 points 7 months ago

Pyramid scheme of immigration that eventually fails due to bad housing policy!

[+] [email protected] -6 points 7 months ago* (last edited 7 months ago) (4 children)

We are the second largest country in the world yet everyone lives in the same large cities. No shit prices are ridiculous. We really need to incentivize people to spread out.

[–] [email protected] 22 points 7 months ago

It's not lack of housing.

It's a combination of housing investors and hoarding.

Real Estate companies are just sitting on stock they can't sell at sky high prices. Now they have entered the landlord game and are using stock they can't sell as rental stock, but forcing insane rents. Like 3000 dollars a month for a shit one bedroom out in the suburbs shit.

Entire apartment high rises being sold overseas to foreign investors who don't even have PR status.

The problem can easily be solved, but it requires taking down the rich.

[–] [email protected] 8 points 7 months ago (2 children)

Urban sprawl is part of the problem, not the solution.

[–] [email protected] 9 points 7 months ago

There is more to spreading out than urban sprawl. Our towns and even villages used to largely self-contained. Now you're lucky to find a bank, a bakery, a grocery store, and a hardware store in the same place outside of something big enough to be called a city.

People talk about walkable cities, by which they mean that people can walk to most of their normal goods and services. What is that but a town/village model for communities?

[–] [email protected] -4 points 7 months ago

Bro u watched too much NJB

[–] [email protected] 3 points 7 months ago

We really need to incentivize people to spread out.

People will go where the jobs are.

Corporations don't care about solving problems in society. Often they are part of the cause of those problems.

[–] [email protected] 1 points 7 months ago

How is the cost not incentive enough?