38
submitted 1 year ago by RehRomano@lemmy.ca to c/canada@lemmy.ca
you are viewing a single comment's thread
view the rest of the comments
[-] Rocket@lemmy.ca 1 points 1 year ago

Maybe, but if you need more housing, rewarding development is what you need to do.

It's like when someone cries: "We need more workers". What's the answer? That's right: "Pay them more!". This time it's "We need more houses". But the answer is the same: "Pay them more!"

[-] Seigest@lemmy.ca 2 points 1 year ago

I'm having trouble with the "if you need more housing, rewarding development is what you need to do." Part

From my limited understanding the purpose of a developer is to do speculative research to determine what building ideas they can make a profit off. They pay the builders and then find a buyer for the finished product.

So I can see how removing the gst can help motivate the building of apartments. but is that really the best strategy? It seems like a gamble to me. If it's still more profitable to build over priced condos they'd stick to that. Having affordable apartments near by those condos may lower the demand for expensive condos. So it may not be in the best intrest of developers to make them, let alone make them last.

We'd need somthing a little more systemic. Somthing not dependent on doing the profitable, thing but doing what is nessary to ensure there is quality affordable housing.

this post was submitted on 14 Sep 2023
38 points (97.5% liked)

Canada

7195 readers
538 users here now

What's going on Canada?



Communities


๐Ÿ Meta


๐Ÿ—บ๏ธ Provinces / Territories


๐Ÿ™๏ธ Cities / Local Communities


๐Ÿ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


๐Ÿ’ป Universities


๐Ÿ’ต Finance / Shopping


๐Ÿ—ฃ๏ธ Politics


๐Ÿ Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS