(Bloomberg) -- Prime Minister Justin Trudeau’s government identified 56 federal properties, representing the size of about 2,000 hockey rinks, where hundreds of new affordable homes could be built to counter the scarcity of available land worsening a housing shortage.Most Read from BloombergSydney Central Train Station Is Now an Architectural DestinationNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunHow the Cortiços of S
The Conservatives will expand on this. They love the idea of selling off public land to their developer friends. This is one of the many areas where they actually agree with the Liberals (when they’re not just being intentionally obstructionist).
The problem is that it won’t do any good. We have the space. What we need is better zoning, and for the available supply of housing to not all immediately end up in the hands of “investors”.
So long as housing is an investment, there must, by necessity, be a housing crisis. Without scarcity, the investments will not appreciate in value. In other words, without scarcity, they’re not investments.
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The Conservatives will expand on this. They love the idea of selling off public land to their developer friends. This is one of the many areas where they actually agree with the Liberals (when they’re not just being intentionally obstructionist).
The problem is that it won’t do any good. We have the space. What we need is better zoning, and for the available supply of housing to not all immediately end up in the hands of “investors”.
So long as housing is an investment, there must, by necessity, be a housing crisis. Without scarcity, the investments will not appreciate in value. In other words, without scarcity, they’re not investments.
Yeah I think you may be right.
And any government that destroys home value will be gone because every existing homeowner will vote them out to preserve their value.
It’s a total impossible, non-starter.