The prime minister is meeting with his youth advisory board this week to hear its most ‘pressing concerns,’ with the aim of informing future policy decisions.
Housing would be nice, but how about electoral reform?
Or, you know, fucking actually do something instead of endless committees, boards, surveys and studies. You know what you need to to:
- Build housing directly (like, employ people, buy land and buy equipment, don’t subcontract)
- Tightly regulate the market
- Tax the rich to pay for it …but you won’t do it because it would cost your donor class money.
I’m sick of this. This government didn’t need a study when they bought a pipeline for Alberta, and they didn’t need a study to buy fridges for Galen Weston. They only need studies when they don’t want to do something.
Want a model of what to do? Look at Doug Ford. That corrupt mobster-wannabee just straight up sold government land for pennies on the dollar and netted his daughter’s wedding guests billions. Did he have a committee or a study? Nope, just git’r’done.
Holy shit, you’re the goverment. You can print money. You can even claim all sorts of Keynesian multipliers as to why it’s worth doing. Just fucking do it.
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Implement a Singapore housing tax and you’ll get my vote:
For the lazy https://www.mnd.gov.sg/newsroom/press-releases/view/measures-for-a-sustainable-property-market
Seems reasonable to me, just glad i’m not a land-lord; wish i knew what the taxes were on.
Sincere question: how would this help renters? It seems to me that this would discourage people from buying investment properties to rent out, and increase the supply available to buyers. While this would make it cheaper to buy, it seems like it would make it more expensive to rent, unless one or more of the following is true:
- A significant number of units are sitting empty, owned by speculators, rather than being rented. out (plausible, but I haven’t seen proof - is there any?)
- Landlords are colluding to keep prices high (unlikely given that there are hundreds of thousands of independent landlords per StatsCan)
- For some reason besides collusion, free-market pricing is otherwise inapplicable to rent prices (why could this be?)
If you or anyone else would kindly shed some light on this for me, I would gladly join your cause. As it stands, I’m currently more of an advocate for building public housing to increase the supply of both rental and purchase units, rather than adjusting the bias of what units we already have towards ownership over rentals.
Someone buying an investment property doesn’t increase the amount of housing available. Sure, it’s one more rental available, but it’s also one less home available to be purchased by someone planning to live in it. I won’t claim to be any kind of expert, but it’s pretty obvious that it having a middle man extracting profit increases housing costs overall.
The type of investors that do increase housing are developers. In the tax model above, the developers can apply to have the tax reduced to 5% which seems to make it much more lucrative than buying individual houses to rent as is.
If they don’t increase the amount of housing, then they don’t decrease it either, right? They effectively move a house that would be bought by a home buyer, to a house that would be rented by a renter.
I can see how given the argument that landlords generally make profit, that they are a needless middleman, and therefore they contribute to higher housing costs. Is there any evidence that this impact is so substantial that regulating independent landlords will be a boon for consumers of housing?
I appreciate you sharing your perspective! I remain open to be informed as to how such a policy would help the housing crisis.
Yes. The evidence is the housing market in 2023. Tax domestic speculators. Regulate the hell out of them. They are the main reason that everything is so screwed.
It appears the average Singaporean home was $1.2MM in March, $1.6MM in June, and $2MM as of a week ago. I’m surprised he hasn’t adopted it already!
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Electoral reform should be number one priority. Once that’s fixed then housing as electoral reform would help resolve a lot of this issues in our current system.
My kids will never move out. My neighbor just built a bunkie from a kit in preparation of his kid never being able to move out in this batcrap market.
Build as much housing as you possibly can.
Now, you may be reading that as “build a lot of housing”. But that’s not what was written.
Build as much housing as you possibly can.
/RonSwanson
Seriously, if you’re not considering the feasibility of putting sheds on the moving roof of the sky dome, you’re not taking this seriously enough. If you’re not considering tearing apart a million-dollar MRI machine for scrap metal for roofing, you’re not taking this seriously enough. I want you to take the NIMBYs, flay them, tan the skins, and use them to make tents for homeless people.
Trudeau seeking advice from youth on how to make them shut up and stop making a fuss so he can get back to selling Canada out to his billionaire buddies.
Fixed that for you.
If you think Trudeau sells out to his rich buddies just wait until Milhouse stumbles his way into office
