Quote:
Originally Posted by Wolven
This is why corporations get politicians to keep using culture wars to distract people from class wars.
It is true that in the class wars the super rich (aka. the elites / corporations) are the enemy of the people but trying to take away their homes is really going to backfire. The people in Upper Mount Royal have more than enough money to prevent their homes and neighbourhood from getting developed into density. They can build their homes beyond what is profitable to try and redevelop or hire the required lawyers to ensure they win a legal battle against their restrictive covenants.
However, people who do not have the money to build a $5M house or win a legal battle would end up losing their homes on the alter of "density" so that some rich corporation can profit.
Instead of messing with people and people's assets to get density we should be focused on changing corporate assets into housing density. Whether it is an empty office building, a parking/empty lot, or an inner city warehouse those are the assets we should target for conversion.
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They aren't losing their homes. If anything they will be profiting more from those homes.
A 1970's bungalow that hasnt been renovated since it was built, has a limited buyer pool. That buyer pool also has to have cash to either fight the community on a rebuild or expansion.
A 1970's bungalow that hasn't been renovated since it was built, but in a neighbourhood actively going through densification, will probably have a pool of buyers lining up for it.