Canada Housing

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Share news and updates about housing in Canada. We are mostly buyers eager to change the rigged system that ensures double-digit increases year-over-year. We want housing prices to rise, but in line with wages and inflation.

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MysteriousSophon21

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Should be as simple as that (lemmy.world)

submitted 1 year ago by MysteriousSophon21 to c/canadahousing

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[–] Tavarin 4 points 1 year ago* (last edited 1 year ago) (1 children)

So if a housing developer won’t be able to build housing developments?

OP didn't say that, the pic says corporations shouldn't be allowed to purchase housing. They can still build it then sell it on to individuals.

[–] Badass_panda 4 points 1 year ago (1 children)

OP didn't say that, the pic says corporations shouldn't be allowed to purchase housing

So if I own a house on 10 acres that's zoned residential, a real estate developer can't buy it and put up 10 houses?

If a property is condemned, hugely dilapidated, etc ... A contractor can't buy it with his LLC, fix it up, and sell it?

This is a solution that attacks something that isn't actually contributing to the problem, in such a way as to exacerbate the problem. That's ... Not a solution.

[–] Tavarin 3 points 1 year ago

A contractor can’t buy it with his LLC, fix it up, and sell it

If they sell it, then yes there isn't an issue with what OP is stating.