Quote:
Originally Posted by Architype
Something that is obviously overlooked is the relative lack of public/social housing. Our definition of social housing is needs to change.
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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. |
There's that, but state social housing has too much of a stigma in North America as being for poor people.
I still hold one of the best ways to bring down prices in Vancouver would be to allow the only multifamily construction to be rentals. Once you take the speculative driven element out of the market, what locals can actually afford would be quickly revealed by the rental market. It does mean a shift from thinking one always has to own, but at least its not tainted with the social housing stigma.