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submitted 1 year ago by NightOwl@lemm.ee to c/canada@lemmy.ca
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[-] Rocket@lemmy.ca 0 points 1 year ago* (last edited 1 year ago)

Reality: rich people are entering the market (via immigration or coming of age) without a house or already have expensive houses.

That is ultimately the same situation. If you don't build them an 'unaffordable' house then they will outbid the poor for what otherwise would have been an affordable house, taking the affordable house away from someone of lesser means. These rich people are not going to go without a house.

It remains that fining developers for building houses is not going to incentivize developers to build more houses. Council recognized that the only way to get more affordable housing on the market is to build new houses, but then disincentivized the activity for some reason. It is like they wanted to make housing less accessible.

this post was submitted on 10 Oct 2023
94 points (98.0% liked)

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