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Investors account for 30 per cent of home buying in Canada, data show

theglobeandmail.com

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Re: Investors account for 30 per cent of home buying in Canada, data show

#201
post #132

Earlier quoted context omitted.

Could you give some examples?

Within capitalism, we could have some kind of system to provide equity to tenants. They are effectively already paying a mortgage (just not their own). Outside of capitalism? Many more possibilities.

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Re: Investors account for 30 per cent of home buying in Canada, data show

#202
post #93

Earlier quoted context omitted.

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We've banned this account for using HN for flamewar and ideological battle. Please don't create accounts to do that. It's not what this site is for, and destroys what it is for—so we have to ban accounts that do it, regardless of what they're battling for or against.

https://news.ycombinator.com/newsguidelines.html

Re: Investors account for 30 per cent of home buying in Canada, data show

#203
post #60

Earlier quoted context omitted.

"In 2022, Canada’s population grew by an unprecedented 1.1 million people, most of them permanent and temporary immigrants." From StatCan - The Canadian Census. "alt-right" my ass. https://www.statcan.gc.ca/o1/en/plus/3861-40-million-strong-... Your CBC news link 404's.

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Can you please not post in the flamewar style to HN, and also please stop using HN for ideological battle? We're trying for something different here.

I'm not going to ban your account right now because it looks like you've also posted other things using HN in the intended spirit, but I saw quite a bit of this other kind of thing in your history too and that's definitely not ok.

If you wouldn't mind reviewing https://news.ycombinator.com/newsguidelines.html and taking the intended spirit of the site more to heart, we'd be grateful.

Re: Investors account for 30 per cent of home buying in Canada, data show

#204
post #130

Earlier quoted context omitted.

It would work better if people were forbidden from living in homes they also owned, or at least taxed extra for doing so.

Could you, please, give more details. This seems very unintuitive, to me.

In Switzerland they tax imputed rent. If you buy a house and live in it, you are paying extra taxes for the privilege. For strongly related reasons the rate of living in a home you also own is only about 35% in that country.

Re: Investors account for 30 per cent of home buying in Canada, data show

#205

Earlier quoted context omitted.

The large companies just don’t account for very many homes. Once you control out for homes under construction, that just isn’t the issue. The issue is that we dramatically restrict how much housing anyone can build, specifically, upward.

The city I live in isn't restricting it. Condos are going up as fast as they can be built and the parks are still filling up with tent cities and rents are still doubling. Something just doesn't add up. I'm in Canada (don't want to give exact city, sorry).

I don't know if you've looked at Canadian housing news in the last few days, but do you really, really think that "condos are going up as fast as they can be built"? Because if you do, I think you're very misinformed.

Re: Investors account for 30 per cent of home buying in Canada, data show

#206
post #198

Earlier quoted context omitted.

Within capitalism, we could have some kind of system to provide equity to tenants. They are effectively already paying a mortgage (just not their own). Outside of capitalism? Many more possibilities.

> we could have some kind of system to provide equity to tenants This sounds interesting. Is this hypothetical? How does that equity get transferred/slowly leaked to the next tenant? How does one liquify it?

I don't know how such a system would work exactly, but I know it would require that we stop treating houses like speculative assets and start treating them like a basic need (shelter).

Re: Investors account for 30 per cent of home buying in Canada, data show

#207
post #180

Earlier quoted context omitted.

How is that "funny"? The continued proliferation of cookie-cutter detached single family homes with useless lawns is big part of several problems we currently face as a society. Incentivizing denser housing is a good idea.

It is funny because people always pitch it in threads about investors. Investors are who will build more housing if zoning laws are changed. An LVT basically encourages investment in the land. I am in favor of this but it doesn't stick it to who everyone is complaining about here, it benefits them.

Investors (financial speculators) are specifically the kind of people who shouldn't be involved with housing.
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