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> A residential vacancy rate that low means people are deeply stuck Is that what it means? Paris has a similar vacancy rate and seems to be doing alright. Vanc
by boston_clone 5mo ago
> A residential vacancy rate that low means people are deeply stuck
Is that what it means? Paris has a similar vacancy rate and seems to be doing alright. Vancouver has also seen population growth rates above 4%/yr, which outpaces the province, so people are moving there.
Is there a talent shortage in that city? Unemployment seems higher than normal but that could be an oversimplification.
I guess I’m struggling to see the connective tissue between the stated points.
- Schiendelman 4mo agoHow are you defining "doing alright"...?
- boston_clone 4mo agoHave you been to Paris recently? Great food, tons of bike and rail infra, 35 hour work week, strong social safety nets, lower than average rate of violent crime, wide consideration as the preeminent destination for fashion and art, etc. etc.
- Schiendelman 4mo agoRight - for the people who can afford to live there. That's dramatically artificially limited, the people who aren't rich don't get many of those things.
- boston_clone 4mo agoRent control helps, from what I remember. but I imagine you may be looking from the perspective of purchasing a home (in which yes - pricey!)
- Schiendelman 4mo agoRent control doesn't change how many people get to live there, just swaps some people for others. And usually hinders housing production, reducing that number more over time.