4 ms·
> is really treated as a "safe place for cash" from foreign buyers, it can cause prices that are out of whack with the intended purpose of a home as being place
by lwansbrough 5y ago
> is really treated as a "safe place for cash" from foreign buyers, it can cause prices that are out of whack with the intended purpose of a home as being place to live.
> you're likely going to want to put it into areas that are already supply constrained
These are the primary arguments for building more. Build enough and you will drive prices down, and with it the reputation of Vancouver's housing market as a safe store of value.
Housing can be cheap and not seen as a substantially valuable investment if we simply build to meet demand. Densely of course - something other than 20+ floor apartment buildings would be nice.
- gorgonzolachz 5y agoAnd this is where the NIMBYs come in; people who bought in years or even decades ago, who want to see prices rise to astronomical levels so they can retire off of their home's equity. Any proposal to do this will absolutely be shot down, until the voting public outnumbers the homeowners - which may never happen, given current voting trends.