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> I'm not understanding how housing that is in use can be considered supply available for others. Well, look at what's happening in Vancouver (and a few other
by filoleg 5y ago
> I'm not understanding how housing that is in use can be considered supply available for others.
Well, look at what's happening in Vancouver (and a few other places, but Vancouver is just the most obvious example), and it will easily explain your confusion.
When it becomes too costly and problematic to deal with renting out your property to someone else, people who bought it as an investment will just hold onto it and let it sit empty[0]. It got bad enough, Vancouver ended up introducing a vacant property tax.
0. https://www.cbc.ca/news/canada/british-columbia/number-of-empty-homes-in-vancouver-hits-record-high-1.4175999 https://www.cbc.ca/news/canada/british-columbia/number-of-em...
- omegaworks 5y ago>people who bought it as an investment will just hold onto it and let it sit empty Exactly. We are starting to recognize that, as a society, buying a house as an investment and letting it sit empty is anti-social, violent behavior that should be shunned, discouraged and punished to the fullest extent.
- 908B64B197 5y agoWith out of control immigration quotas and extremely lax policies on immigration and money transfer, it's no surprise Vancouver ended up as it is. [0] Strangely enough, the locals are voting for the same parties that enabled the situation in the first place. > Vancouver ended up introducing a vacant property tax. So you end up with a "tenant" that's a family member but not living there. [0] https://en.wikipedia.org/wiki/Snow_washing https://en.wikipedia.org/wiki/Snow_washing