Liberals to revive ‘war-time housing’ blueprints in bid to speed up builds - National | Globalnews.ca
Liberals to revive ‘war-time housing’ blueprints in bid to speed up builds - National | Globalnews.ca
The Liberals plan on restarting a war-time housing program in their latest attempt to ease the high cost of housing across the country.
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I really wish those politicians would address the issue of unoccupied housing as well. I feel like saying that the solution is to build more housing is to play in the pockets of investors while pushing for less unoccupied residencies is going against it and why I believe it is not talked as much on the political front.
I wrote this for a US bill that they're trying to pass, but it might apply in Canada?
Corporation Plan
- Step 1, US has a financial meltdown
- Step 2, corporations buy up all of the housing at cheap prices, price fix the rentals and use a shit ton of them for airBNBs
- Step 3, not worry about the empty units or homes because price fixing and airBNBs will fix that
- Step 4, develop a crowdfunding site so "investors" can get in on the renting/price fixing game
- Step 5, complain that there isn't enough housing to get the zoning changed, so they can build "luxury" apartments where they continue to price fix or rent out to tourists/business people because they're ToTALLy NoT A hoTEl!
- Step 6, profit, profit, profit
Common Person Plan
- Step 1, look to buy a home but there's not enough supply so the prices go up
- Step 2, try to save but their rent keeps getting raised because it's being price fixed and there is a lack of supply (sometimes real because of the tourists)
- Step 3, continue to rent while nervously waiting to try and build up a deposit and there's less and less supply
- Step 4, rent, rent, rent further away from the city core
Don't forget the mortgage rates are sky high so even people with 20% can't really afford to buy. Corporations buy for cash.
That's a really good point, what step would that be? Probably Step 3 for corporations. Do you mind if I add it to the list?
My one hope is that the meltdown is tied to commercial real estate, which will hopefully avoid this whole thing.
Narrator: It won't be.
That's a provincial issue, not a federal one