Earlier quoted context omitted.
> Young Canadians doubly so Similar situation in Australia and US. And most of it misplaced. One major issue is trying to buy a first home where the blame goes towards immigrants. Instead of towards older generations where the problem really lies. They apply political power across multiple levels of government to affect everything from planning, taxation, inheritance which systemically prevent young people getting in…
Our problem is that state governments have never reached their population growth based land release targets. And zoning laws are fairly ridiculous. One study found that something like 70% of the cost of owning a home in Sydney comes from zoning and land release issues. That is, a bit of reform in zoning laws and a heap of land being released could see a 1 million dollar home being available for 300k. That said, so mu…
In either case you’re saying “make the number of houses correct for the number of inhabitants” - of course an obvious answer is “build more houses” but that can’t always work - San Francisco can’t remain SF at the density of Singapore. It’d still exist, but it wouldn’t be what it was.