Something that is obviously overlooked is the relative lack of public/social housing. Our definition of social housing is needs to change.
Quote:
Vancouver is a region racked by the negative effects of spiralling real-estate prices and rents, with people bitterly divided over the causes and solutions amid warnings that young people's futures, businesses and urban life are being seriously damaged.
In Vienna, 60 per cent of the population lives in social housing and rents are set so that people pay no more than 30 per cent of their income. There is no housing shortage, ...
|
https://beta.theglobeandmail.com/rea...beandmail.com&
The notion of home ownership as a necessity, a normal expectation or right, is already changing, but the role and participation of government has not kept pace. Public/social housing does not have to be limited to the bottom strata of society, it can and should be an effective part of the solution, providing appropriate housing for much of the middle class where the market system has failed to do so.