21–30 of 149 posts
Whats wild about affordable housing in Canada is that for every newly built unit we lose 15. Yet almost nobody is talking about that part. You cant build your way out of the problem before you plug the leak. But there are obvious misaligned incentives to do that. The value system of our economy and culture seems to be obsessed with making basic needs a profit center, at all costs, regardless of the consequence.
MAID is a huge bummer. MAID is one of those things that doctors can't really discuss, because you'll get attacked for it. A lot of Canadian doctors are silenced about this topic. It bears similarity to the avoidance doctors have with speaking (anything at all) about COVID - they're worried about their jobs. https://nationalpost.com/news/canada/the-troubling-debate-ov... The government is being quite clear about this.…
Whats wild about affordable housing in Canada is that for every newly built unit we lose 15. Yet almost nobody is talking about that part. You cant build your way out of the problem before you plug the leak. But there are obvious misaligned incentives to do that. The value system of our economy and culture seems to be obsessed with making basic needs a profit center, at all costs, regardless of the consequence.
Housing absolutely should be a profit center. Home and multifamily builders should be unleashed to build as much housing as they can. Let them be greedy; let them get rich. It’ll make housing more affordable for everyone.
High housing costs aren’t a failure of the free market - they’re a failure of central planning at every level of government.
Whats wild about affordable housing in Canada is that for every newly built unit we lose 15. Yet almost nobody is talking about that part. You cant build your way out of the problem before you plug the leak. But there are obvious misaligned incentives to do that. The value system of our economy and culture seems to be obsessed with making basic needs a profit center, at all costs, regardless of the consequence.
Earlier quoted context omitted.
> the real estate value bubble has expanded beyond all reasonable limits. I'm very interested to find out how this ends...
It will end in either a correction of the price of housing, or a correction on the currency those houses are priced in to bring it back in line with the rest of the world, because from my understanding the economics when adjusted for wages in Canada is the number that is way out of whack. Place your bets!
Can you explain what you mean by this? The USA and Canada are both quite low when comparing median home price to median income[0]
0: https://www.numbeo.com/property-investment/rankings_by_count...
But a bit off-topic, do doctors recognize MCS as a legitimate illness? I see in the article that multiple doctors backed these patients, encouraging the Canadian gov. to come up with a solution. But I guess with the insane real-estate prices over there, it's tough to find anything that isn't very old for a decent price.
Earlier quoted context omitted.
> the real estate value bubble has expanded beyond all reasonable limits. I'm very interested to find out how this ends...
It will end in either a correction of the price of housing, or a correction on the currency those houses are priced in to bring it back in line with the rest of the world, because from my understanding the economics when adjusted for wages in Canada is the number that is way out of whack. Place your bets!
Canada doesn’t even make it to the top 3
Edit: I got a bit more curious so found a more up to date article and Van makes it to 3rd: https://www.bosshunting.com.au/lifestyle/real-estate/most-ex...
However, you can see that expensive housing is not something unique to Canadian cities.
MAID is a huge bummer. MAID is one of those things that doctors can't really discuss, because you'll get attacked for it. A lot of Canadian doctors are silenced about this topic. It bears similarity to the avoidance doctors have with speaking (anything at all) about COVID - they're worried about their jobs. https://nationalpost.com/news/canada/the-troubling-debate-ov... The government is being quite clear about this.…
Government sanctioned homicide is weird phrasing because the patient has agency and is the one making the decision.