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submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

In a country with some of the world’s most expensive real estate, Prime Minister Justin Trudeau’s government wants housing to become more affordable.

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[-] TH1NKTHRICE@lemmy.ca 78 points 1 year ago

It seems to me that increasing supply alone is not going to cut it. Are there not a bunch of financial groups with nearly bottomless wallets that enable them to afford to buy up any amount of property to rent or flip at any price they want, even if it means some properties sit on the market empty for a long time? This government policy seems analogous to having people with $100 dollars sitting at a no-limit poker table with a bunch of billionaires who can afford to endlessly put you all in on every bet, so they always bet more than you have and then the government comes in and says they will allow for more games to be played. Wouldn’t the policy be pointless if you don’t also limit the number of games the wealthy players can play?

[-] PeleSpirit@lemmy.world 51 points 1 year ago

You are not only right, but foreshadowing the astroturfing all of that area is going to receive. Regulating real estate is the only answer and then we'll talk about building more. We know this to be true:

  • Limit ownership to either you live on the property and 1 more house.
  • Corporations and all of its subsidiaries are only allowed owning for renting above a certain amount of people. For example, they couldn't own a duplex, they could only own above a 10 unit rental or something. Not sure what that number would be.
  • Airbnb's only allowed if the owners live on property and one more spot. No corporations unless they become a hotel and follow those regulations.
[-] TH1NKTHRICE@lemmy.ca 7 points 1 year ago

Those sound like better ideas to prioritize to me. Besides political machinations, what reasons are there not to implement those types of policies?

[-] Tired8281@lemmy.ca 11 points 1 year ago

Everyone who is making money by not implementing these policies is peeling off some of it to keep the policies that make them the money in place.

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this post was submitted on 12 Aug 2023
122 points (96.9% liked)

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