3 ms·
The real problem is that while people might like the idea of more affordable houses, they do not like the idea of their house being worth less. It’s very hard
by jleyank 4y ago
The real problem is that while people might like the idea of more affordable houses, they do not like the idea of their house being worth less. It’s very hard to square this circle - build far away or totally different type or …? It didn’t mention the lack of investment options driving capital into housing markets, resulting in empty houses and Airbnb’s. Perhaps the idea of a vacant house tax is good, particularly if absentee owners don’t vote in that region :-). Here, Toronto and Vancouver have inflated prices and occupancy problems (and great volatility). Other, smaller cities have supply problems.