Housing Bubble II: The Quest To Build Enough Homes Where People Actually Need Them

[905er]

Originally Posted by casper

This has been changed already.

The feds have changed the rules. An international student applying for a visa must present a letter from the province accepting their application and certifying it is a valid program.

The feds are also implementing caps on how many letter each province can write each year.

you actually trust the feds to follow through with this? I'm watching communities literally be diluted completely of all multiculturalism b/c it's turned almost completely Indian.... we're accepting far too many people each year, and almost all coming from one source country... and we simply don't have the housing. The feds also lie... our communities are under tremendous stress right now and the government still tries to justify accepting the numbers of people we are letting in year after year.. the math doesn't add up.

[lio45]

Originally Posted by casper

This has been changed already.

Do you agree that even AFTER the changes, the Feds are still continuing to make the housing crisis worse from the current levels?

"Okay, we saw the light, we'll take less FNSs than before" doesn't mean the housing crisis is going to stop increasing in magnitude.

For the housing crisis to stop increasing in magnitude, it would have to be "Okay, we'll take less FNSs per year than the yearly average capacity of industry to build new housing", which isn't the same thing at all.

[P'tit Renard]

Originally Posted by 905er

you actually trust the feds to follow through with this? I'm watching communities literally be diluted completely of all multiculturalism b/c it's turned almost completely Indian.... we're accepting far too many people each year, and almost all coming from one source country... and we simply don't have the housing. The feds also lie... our communities are under tremendous stress right now and the government still tries to justify accepting the numbers of people we are letting in year after year.. the math doesn't add up.

Yes, at this point multiculturalism in the GTA is turning into a farce. Not only is it from one source country, but it's overwhelmingly from a very specific state of that country. Their local diaspora politics and local squabbles are getting imported at the same time due to the sheer numbers.

[P'tit Renard]

Looks like Texas has the right mix of housing policies. Texans get to reap the benefits in the form of a dynamic high-salaried economy and reap the rewards of affordable housing:

- It is easy to build housing, it’s not taxed to an extreme level

- Small permitting bureaucracy has made it a renewable energy leader

- Property taxes are high, income taxes low, which is best!

https://twitter.com/EricDLombardi/st...59373718573087


:

[MolsonExport]

Originally Posted by whatnext

Too many here forget the Demand part. And heaven forfend if you question what drives it.

Lio's reply was in relation to Mad Max. Too many here forget that part.

[lio45]

And whatnext's comment was squarely on the same topic: as long as we keep demand much higher than the industry's ability to build, we'll continue to make the housing crisis worse, period.

If only one politician correctly identifies that the "problem" comes from Canada not being able to escape the fundamental laws of supply and demand, then that's that.

A more nuanced approach would be to admit that the Scheme has pros and cons -- it's not as simple as saying Mad Max is right in wanting to stop the Scheme while JT/PP are wrong in wanting to continue it.

[MolsonExport]

Originally Posted by lio45

And whatnext's comment was squarely on the same topic: as long as we keep demand much higher than the industry's ability to build, we'll continue to make the housing crisis worse, period.

If only one politician correctly identifies that the "problem" comes from Canada not being able to escape the fundamental laws of supply and demand, then that's that.

A more nuanced approach would be to admit that the Scheme has pros and cons -- it's not as simple as saying Mad Max is right in wanting to stop the Scheme while JT/PP are wrong in wanting to continue it.

You never bothered to comment on Mad Max in your reply, you merely shifted the goal posts.

Originally Posted by MolsonExport

I would never vote for Mad Max and his unmerry band of xenophobes.

Originally Posted by Lio45

One has to pick between skyrocketing homelessness + reliable year-after-year real estate gains for the Landed Gentry, and being a massive-arrival-of-Fresh-New-Suckers-phobe. It's pretty much a binary situation -- can't escape nor deny the basic laws of Supply and Demand.

What are you proposing? That either you vote for...Trudeau and his inflationary policies, or you vote for Mad Max? There are many other options out there. But carry on with moving the goalposts.

[lio45]

Originally Posted by P'tit Renard

- Property taxes are high, income taxes low, which is best!

Exactly. Meanwhile in Canada, it's the opposite: people have incentives to have the lowest possible incomes, so they can get benefits, while having the highest-value possible real estate.

Multimillionaires getting the GST credit and all the other "low income" benefits are very common.

You discourage what you tax. Canada discourages productive behavior (working), while encouraging real estate investment. Texas does the opposite.

[lio45]

Originally Posted by MolsonExport

You never bothered to comment on Mad Max in your reply, you merely shifted the goal posts.





What are you proposing? That either you vote for...Trudeau and his inflationary policies, or you vote for Mad Max? There are many other options out there. But carry on with moving the goalposts.

I'm pointing out that any single-issue voter whose single issue is housing, should probably vote for the only politician who wants to stop the Scheme of Endless Boosting of the Housing Crisis.

(I'm not a single-issue voter, and I'm probably not voting for Mad Max.)

[MolsonExport]

Mad Max makes Trudeau look like Albert Einstein.

[lio45]

Originally Posted by MolsonExport

Mad Max makes Trudeau look like Albert Einstein.

Which isn't unrelated to the fact that I'd consider voting for Einstein if he were alive and on the ballot, while I've never voted for JT or Max.

[905er]

Canada is a total joke of a country right now. Post pandemic this country has really gone to shit... I really hate to say this because I've always considered myself patriotic and proud to be Canadian, but the sharp decline... since Trudeau has become Prime Minister...and I can only imagine how much worse it'll be when Polievre becomes P.M... It's an absolute disaster here and we need to clean house!

[Luisito]

Originally Posted by 905er

Canada is a total joke of a country right now. Post pandemic this country has really gone to shit... I really hate to say this because I've always considered myself patriotic and proud to be Canadian, but the sharp decline... since Trudeau has become Prime Minister...and I can only imagine how much worse it'll be when Polievre becomes P.M... It's an absolute disaster here and we need to clean house!

You are correct, We have seen several press conferences across the country where Trudeau has talked about the housing crisis. He talks about getting homes built while standing infront of apartment buildings and high rises. Basically saying that with the current affordability crisis, middle class Canadians will from now on be condemned to live in apartments.Citizens of the second largest country on earth, and the most empty are condemned to live in apartments and condos from now on. PP wil not improve things at all. Things will remain the same on the housing front. If you're rich or inherit your home you are ok, everyone else fuck off. That is the new Canada. We see health care eroding now also. Canada now ranks as one of the worst among western countries when it comes to health care.

[YOWetal]

Originally Posted by Luisito

You are correct, We have seen several press conferences across the country where Trudeau has talked about the housing crisis. He talks about getting homes built while standing infront of apartment buildings and high rises. Basically saying that with the current affordability crisis, middle class Canadians will from now on be condemned to live in apartments.Citizens of the second largest country on earth, and the most empty are condemned to live in apartments and condos from now on. PP wil not improve things at all. Things will remain the same on the housing front. If you're rich or inherit your home you are ok, everyone else fuck off. That is the new Canada. We see health care eroding now also. Canada now ranks as one of the worst among western countries when it comes to health care.

How much of this is infrastructure and anti-car green policies?

Houston has like 10 Freeways that branch out into its suburbs accessing a lot more areas allowing almost everyone with a job to easily afford a SFH.

[Xelebes]

Just a comparison:

Anthony Henday Drive: $4.3 billion over 26 years for less than 78 km ($55 million/km) @ 22,000 people/day
Edmonton Valley LRT (downtown to Millwoods): $1.8 billion over 7 years for 13 kilometres ($138 million/km) @ 30,000 people/day

[ssiguy]

Originally Posted by MolsonExport

What are you proposing? That either you vote for...Trudeau and his inflationary policies, or you vote for Mad Max? There are many other options out there. But carry on with moving the goalposts.

The problem is that there are no other options out there. Singh couldn't run a newsstand, the Greens are in more disarray than ever, and PPC is nutcase territory.

In regards to who we want to lead the country we only have 2 choices, both of which are bad but for different reasons..............Trudeau thinks money is just a useless piece of paper that you just have to print more of to solve your problems and PP, while at least having a decent grasp of basic economic, is a conspiracy nut.

It's not that people like PP because I don't think the vast majority of Canadians do and even a lot of Tory supporters particularly their new centrist support that have left the Liberals and the young people who have done it en masse. It's not of matter of whether PP will be a good PM but rather the overwhelming belief amongst Canadians that he couldn't possibly do any worse than the juvenile delinquent we have now.

Can you name ANYTHING in Canada where we are better off now than when we were when he took power?...............very few Canadians, including myself, can think of even one.

[whatnext]

Originally Posted by YOWetal

How much of this is infrastructure and anti-car green policies?

Houston has like 10 Freeways that branch out into its suburbs accessing a lot more areas allowing almost everyone with a job to easily afford a SFH.

Yep, according to Zillow the average home price in Houston is just $269,641! Can you imagine a large Canadian city with a strong economy with prices that Low! The median salary is $57,420 USD while Vancouver's is $69,512 CAD or $50,862 USD.

Gosh, how is it that Vancouver home prices are so high, completely divorced from local incomes.....

[YOWetal]

Originally Posted by whatnext

Yep, according to Zillow the average home price in Houston is just $269,641! Can you imagine a large Canadian city with a strong economy with prices that Low! The median salary is $57,420 USD while Vancouver's is $69,512 CAD or $50,862 USD.

Gosh, how is it that Vancouver home prices are so high, completely divorced from local incomes.....

Well Vancouver was water on three sides and mountains on the other though there is no reason with a proper freeway connecting Vancouver to Langley and Delta wouldn't have unlimited affordable SFHs.

Toronto has no excuse at all.

[suburbanite]

Toronto's "excuse" is that it exists under a planning and growth framework that worked reasonably well with the previously consistent levels of population growth that it experienced. That same framework doesn't work so well when national immigration rates are drastically increased and a disproportionate number of new arrivals choose to locate in Toronto.

Are provincial governments and municipalities supposed to be subservient to the federal government and change their entire operating model to satisfy the policy of the current governing party? If so then the federal government needs to be more engaged in ensuring that they do so to avoid the deterioration in living standards that we've experienced. If not then those jurisdictions need to have a seat at the table when it comes to making a decision on how much population growth can be reasonably accommodated.

[whatnext]

Originally Posted by YOWetal

Well Vancouver was water on three sides and mountains on the other though there is no reason with a proper freeway connecting Vancouver to Langley and Delta wouldn't have unlimited affordable SFHs.

Toronto has no excuse at all.

Mountains or not, Vancouver real estate prices should be correlated with what Vancouverites earn, no?