Quote:
Originally Posted by afc wimbledon
I've never understood why Governments, be it provincial, municipal or federal don't buy and build way way more housing, it's the one thing that a Government will always need, pays for itself and over time doesnt lose value
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You're British right? English?
See...lately I've been somewhat under the impression that Canada might need to consider taking a page out of 'Colonial Daddy's' playbook.
Row Housing. Council Housing. Etc.
Cheap, affordable housing that allows people to work, not spend too high of a percentage of their income on housing and that allows them to become educated and get ahead.
I think its a really good idea but I think that Canada missed the boat on it.
The thing is...its kind of like the USA and Universal Health Care. You kinda had to do way, way back because in the meantime its turned into a nightmarish spider-web of money and everything else.
If Canada were to turn around and say..."We're going to flood the market with inexpensive, affordable Government housing" the entire Country would scream bloody murder.
The developers would go nuts, politicians would be held at gunpoint and, I dont know, a HUGE number of Canadians would either be furious or bankrupt.
Because if you flood the market to make some affordable housing then everyone suffers the drop in value and lots of people are literally banking on that. That value secures mortgages, loans, HELOCS, even credit cards and those values are being counted on for retirement, etc.
So, in true fashion there seems to be a solution. We're just not going to like it.