Quote:
Originally Posted by Ozy_Flame
Easy. You can make a higher wage in Calgary than you can in Vancouver.
And for the record, half of the city's homeless population is employed.
Obviously that is not an indication of people coming here to be lazy; they're coming here for a chance to escape a life of poverty, or to improve their quality-of-life in general.
You see the glass as half empty, I see it as half full.
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Never contended that half the homeless population was employed. However the point still stands that if all the homeless were simply paid more money then the result would be that the cheaper rental properties would just cost more per month to reflect the higher purchasing power of those previously priced out of the market. The only way to make rents more 'affordable' is to increase the renting stock significantly. This is already starting to happen as a result of market forces on the heels of our overbought housing market.