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It's so painful reading this marxist leaning stuff because they say really dumb things really intelligently. If you didn't have a moderately decent understandin
by snapplebobapple 3y ago
It's so painful reading this marxist leaning stuff because they say really dumb things really intelligently. If you didn't have a moderately decent understanding of reality before reading this you would think they were making good points.
Where this goes wrong: The market has no purpose other than to facilitate exchange. People buying property are buying because they correctly believe the price will go up because the supply/demand characteristics of the market indicate that will happen. Yes, we did produce more houses than we created additional households for the last several years, however, at least as of 2021 Canada had the lowest housing stock per capita of any G7 nation, so the market is still extremely tight so prices should and did rise. If you don't like that the correct answer is still to push for policies that increase supply (despite what this marxist crap says). The nuance is that we have structural issues in Canada (and many other places) that limit the speed at which we can build housing supply that people actually want and that incentivizes knocking down the low end cheaper rental units and building luxury units instead because of scarcity in high density zone residential land. So the policies we need to push for are things like getting rid of minimum parking requirements, rezoning vast swaths of single family home zoned land to at least allow multi family medium to high density, especially around the core, and supporting this newly rezoned land with better transit, better walkways, better bike paths to get more people out of cars and into transportation better suited to higher density.