this post was submitted on 26 Aug 2024
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The Conservatives will expand on this. They love the idea of selling off public land to their developer friends. This is one of the many areas where they actually agree with the Liberals (when they're not just being intentionally obstructionist).
The problem is that it won't do any good. We have the space. What we need is better zoning, and for the available supply of housing to not all immediately end up in the hands of "investors".
So long as housing is an investment, there must, by necessity, be a housing crisis. Without scarcity, the investments will not appreciate in value. In other words, without scarcity, they're not investments.
Yeah I think you may be right.
And any government that destroys home value will be gone because every existing homeowner will vote them out to preserve their value.
Itβs a total impossible, non-starter.