Quote:
Originally Posted by peter12
Given squiggs' position in the Vancouver real estate industry, it is no surprise that he is pretty squirrelly about actually stating his opinion.
I get that he thinks we should build condos. Of course, we need to increase supply. Kind of a classic bit of misdirection there, btw.
I am more interested as to his opinion on the exploding price bubble, and its causes. Maybe he can't state that for professional reasons, and I would understand. However, he did call out a few posters for being racist, which is a significant accusation given how little he has done to support his own position.
Speaking of that, what is his position?
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I'm not sure how I'm squirrely. I have been very clear that I think we need to build more condos, and increase density in the city. I also think that while the condos are going up that the city should be increasing transit infrastructure, in order to move these people around the city. You can't just build a 400 unit tower and have them all be driving cars. Transit, walking and cycling need to be promoted. How is that misdirection? I'm saying I want to increase the supply of homes. By building more condos and townhomes, and decreasing the amount of single family homes, I'm advocating for increased supply and density. People need to give up on the idea of land ownership and focus on home (not house) ownership, similar to London, England and New York.
If you look in this thread, and the other couple of threads that have this topic, I've given my reasons for why there have been large increases in land value. You said I haven't given my reasons, but I'm not sure you've read them. You can search for them, but the main reasons are:
-Diminshing amount of land. This increases SFHs the most, but also has residual effects
-Red tape from city of Vancouver restricting development
-Exchange rate of CAD dropping
-YVR, Whistler, air quality, weather, proximity to Asia, port city, scenery, etc. etc. makes Vancouver a desirable city. People want to live here, which increases demand.
-Decreased supply of land and increased demand are simple economics on why the prices have increased
I've gone in depth on all of the above issues before.
Quote:
Originally Posted by IliketoPuck
More condos?
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I'm not sure if peter's comment was supposed to be green text, but, yeah, more condos.