Quote:
Originally Posted by bizaro86
He was kidding, but I really would like a nice house on an acre of land walking distance to a CTrain station/restaurants. Surprisingly, there are a few of those around...
Sadly none belong to me for economic reasons.
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Exactly. And once people can't have their ideal, they then compromise and choose between options within their budget.
No, I can't own a mansion that allows me to walk to downtown. That being said, I would prefer a townhouse with a short commute to downtown vs. a detached lot with an hour's commute in a distant suburb. I realize that not everyone would make that same choice. However, current zoning laws do not give people this choice. There are very few townhouses built, so those townhouses end up costing too much, which pushes people towards owning in the suburbs.
If you want to talk about free market, you have to remove the zoning restrictions which prevent the market from working. Obviously, some are good, we don't want skyscrapers in the middle of residential areas. However, there has to be a compromise there too. There's no good reason not to have medium density in core areas and along transportation routes.