Quote:
Originally Posted by Shazam
So he's going to solve the affordable housing problem by allowing secondary suites everywhere? No, sonny, that's not going to do anything.
So if I understand him correctly the coloured people, instead of living in the NE in single family homes, will live in basements in Bridgeland. Sounds feasible.
Psst, Nenshi... Not everyone has an entrepreneural bent. And city "red tape" isn't what's stopping them... It's RISK. And CAPITAL. You needs lots of the second and get lots of the first in return. Jesus, dude, you're an economist.
|
Secondary suites is certainly one way to help with affordable housing. I live in a secondary suite in Toronto. 1/5th of the rental stock in Toronto is comprised of secondary suites, so it's a major factor and something relatively easy and inexpensive to increase the rental housing stock. It also allows homeowners to better leverage their property and supplement their increasingly expensive mortgages with rental income. win-win.
I don't think he's claiming it's the only solution. On your second point, no I clearly don't think you're understanding him correctly.
Your third point, regarding red tape. This is an issue that especially effects small and start up businesses. Certainly risk and capital are factors, but talk to any small business owner and they'll tell you how difficult it is at times to deal with the City on often trivial issues. Zak Pashak - candidate for ward 8, a small business owner himself (he owns Broken City) has made this issue one of the main planks of his campaign.