this post was submitted on 22 Jun 2023
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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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You can selectively ban what corporations can do, it doesn't have to be an outright full ban from everything to do with housing.
You can have investment into housing development while simultaneously banning corporate ownership of actual homes beyond building and construction of them. It will still be hugely profitable and drive the expansion we need.
What we should ban is companies buying up housing stock and flipping for profit. We should also ban AirBNB outside specific zones for it. We should ban anyone owning 5+ homes without an exceptionally good reason for it. We should tax the shit out of empty homes that stay empty for longer than a month without a proven valid exception. There is plenty we can do without hurting investment into the actual areas we need them in.
Or we could take the much more straightforward track of incentivizing development of high density housing, and changing zoning laws so they do not overwhelmingly favor wealthy incumbent homeowners over respective home buyers, which is the actual issue