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Some zoning rules could be beneficial. For instance, if cities started mandating 15% of new apartments had to be rentals, or 40% have to be 3 bedrooms, etc. Rig
by ggcdn 10y ago
Some zoning rules could be beneficial. For instance, if cities started mandating 15% of new apartments had to be rentals, or 40% have to be 3 bedrooms, etc. Right now, much of the new housing stock coming online isn't really useful for anyone but single wealthy individuals or speculative investors. And so, without zoning restrictions, we are ending up with cities full of $400,000 empty 1-bedroom condos.
- wonder_er 10y agowe have cities full of $400k empty 1br condos because of zoning regulations on minimum sizes of apartments. "some zoning rules" is a veeery slippery slope.
- ggcdn 10y agoI don't follow your logic here. Smaller condos obviously cost less in absolute dollars, but they aren't viable options for families. So we are still left at a housing inventory that is great for speculative investors and individuals, and not much else.
- aianus 10y ago> if cities started mandating 15% of new apartments had to be rentals Why is it so desirable for your landlord to be a business instead of a private individual who bought a condo? What problem does this solve? > 40% have to be 3 bedrooms What is this supposed to do? Yuppy roommates are still going to outbid working-class mom and dad every time. See San Francisco.
- ggcdn 10y ago>What problem does this solve? It prevents them from being bought by speculative investors and taken off the market. An alternative solution to the same problem is an empty-home tax, which is being rolled out in Vancouver. > What is this supposed to do? Its pretty obvious isn't it? It increases the supply of viable housing options for families. I'm not trying to say this is the silver bullet - Its just some ideas. My honest opinion is that Canadian housing should only be able to be owned by Canadian citizens, but that ship sailed long ago.