Quote:
Originally Posted by photon
Apparently there was an all night debate over this. The Liberals keep adding amendments to put in rent controls.. They say "temporary", but I don't trust governments to do anything temporary.
The radio had a good point last night. If we need rent controls, what about all the scummy people that bought houses a few years ago, rode up the prices and are selling them for huge profits now! The prices of houses have doubled in the past few years!!
That's outrageous, we need to impose resale controls to limit the increase in housing prices. Limit it to inflation + 2% per year, that way new people coming to Calgary will be able to find a place to live.
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Limiting resale to inflation +2% is a little ridiculous. That means nobody can ever make a profit on selling a place ever. You have to keep in mind there is a cost to maintaining a house whether it be strata fees or just general upkeep. There is a problem attracting trade workers to Calgary now, see what happens when you do this.
Also, in Calgary there are affordable homes, just not in the downtown core. In every other city in the world prices in downtown will always be more than in the burbs. That's just the way it is. There is limited space downtown and therefore, the space will go to the highest bidder. Supply and demand.
Housing prices have gotten out of control in Calgary, but there are still a number of 2 and 3 bedroom town houses in Calgary avaible for under 250. I dont think we are at the state where we have to put those kind of controls on.