I really doubt students and workers are the problem here. Perhaps Canada should look into taxing empty investment homes/condos/etc. and crack down on homes being used as hotels (like AirBnB) instead of residences.
Oh no, that may actually contribute to fixing the issue. We can't do that.
How much empty housing do you think exists in canada’s largest cities?
Over 2,100 properties were self reported as being vacant in Toronto. No doubt in my mind many people lied and the number of vacant units sits around 3,500. Which isn't a lot but would definitely help.
In a city with 1.25 million homes, why are we so focused on "taxing empty investment homes" (something that already exists) for a few thousand units instead of building new homes?
Why not both? 🙂
Yeah sure. This is more a response to the top level comment (and the general sentiment) that empty units and financialization cause the scarcity, instead of just addressing the scarcity.
There are entire floors and even entire buildings sitting vacant in Vancouver because of certain foreign "investment." They were having real estate conventions where property was being sold in a certain country sight unseen and is now just sitting there doing nothing and rotting. These "investments" were/ are merely vehicles for money laundering to get it out of a certain country. This has been basically known about for years and has been going on for years. A person making a decent wage used to be able to afford a home in Vancouver. Now, everyone is priced out of the market. The Olympics were the worst thing that probably has ever happened to Vancouver and derailed the city. Olympics were basically free advertising for foreign investment that opened the eyes of a certain country to decide to buy up anything and everything because of the lax controls in place and the politicians being cool with the grift.
Ah okay I'm asking because people seem to always point to empty homes as the problem and support that thesis with anecdotal evidence.
The reality is new vacancy taxes in Ontario and BC captured a lot of those empty homes and there's simply nowhere near the scale of empty homes to make any reasonable dent in the housing crisis, even if we converted every single one to occupied.
a) this is before Toronto instituted the empty homes tax - less incentive for homeowners to rent out their empty unit
b) this is before the explosion of rental price increases post-covid - even less incentive for homeowners to rent out their unit
c) measuring lights on or off a couple of times a year isn't a great proxy for assessing empty units
Nationalise housing.
I love reading comments like these.
Yes, let's turn an entire country's housing stock into the projects.
There's got to be a better way to provide housing than whatever we're doing now, but putting an inept government, run by corrupt or otherwise incompetent career bureaucrats, in charge of the roof over my head would be a hilarious joke if people weren't being completely earnest about it.
Yes, let's turn an entire country's housing stock into the projects.
No fucker wants that, and you're disingenuous for suggesting they do, or that nationalisation of housing means that.
There's got to be a better way to provide housing than whatever we're doing now, but putting an inept government, run by corrupt or otherwise incompetent career bureaucrats, in charge of the roof over my head would be a hilarious joke if people weren't being completely earnest about it.
Another strawman. You think nationalisation of housing happens without a government competent enough to do it?
You might as well complain about buses because they don't work without wheels.
No fucker wants that, and you're disingenuous for suggesting they do, or that nationalisation of housing means that
I'm not saying anyone wants to turn all housing into the projects. I'm saying it's inevitable given how national and local governments have managed housing in my experience.
You think nationalisation of housing happens without a government competent enough to do it?
Maybe? IMO all lifelong government bureaucrats are corrupt and/or incompetent, and the result of putting them in charge of housing everyone would be horrific.
You might as well complain about buses because they don't work without wheels.
I'm not sure I understand what you're attempting to get at with this statement. I will say as a lifelong user of public transportation in my metropolitan area the buses and trains post-COVID have been nightmarish.
Actual nationalisation would be handled by a government that gives a shit about it. So far we have seen this happen in the early Soviet union and in China.
The projects you saw were not nationalised housing. They were a minority of state owned housing, geared towards a neoliberal privatised housing sector.
The fact you call them shit is exactly what what they want. So they can pivot to fully private with no pushback, since their intentional bungling of a tiny stock of state housing went so badly.
I'm not sure what argument you're trying to make, but I'm pretty happy with my fully "private" housing situation. There's no way in hell I'd want anyone, government or otherwise, controlling where I sleep.
So I guess we agree?
I'm not sure why you think I'm advocating for anyone to control where you sleep.
This entire thread is in response to you posting
Nationalise housing
Maybe I misunderstood what you meant, but I'm pretty sure that means you want a strong central government to take control of the entire housing stock, thus controlling where everyone calls home?
You've rolled quite a few extras into what I said there, seemingly out of nowhere
Why a "strong central government"?
Why are they choosing where people live?
I'm not advocating for either of those, and only a paranoid mind assumes nationalisation would lead to either.
Whether you know it or not, you are defending landlords. Why? They don't benefit you.
You posted:
Actual nationalisation would be handled by a government that gives a shit about it. So far we have seen this happen in the early Soviet union and in China.
Those are examples of strong central governments. "Nationalise" means taking control on a national scale, necessarily requiring a central government.
Why are they choosing where people live?
If the government has a monopoly on the housing stock, then individuals cannot choose what to build or how to permanently modify it since they cannot own their domicile. I was talking less about the geography of where people would live under a nationalized scheme, and more about what the effect on individual choice non-ownership would have.
only a paranoid mind assumes nationalisation would lead to either.
This might be true, but my experience with government run housing bears it out.
you are defending landlords. Why? They don't benefit you.
I will not attempt to defend large corporations and hedge funds owning housing stock. I'm an individual homeowner, so I'm looking out for those who, through some mix of hard work and/or luck, have chosen to own their homes.
I benefit from choosing how I live, where I live, what my home is like, and from accumulating equity. I want to preserve that opportunity for other hard working free people.
As I stated in my first comment, we can certainly improve how we manage housing stock and make it available. Foreign corporations and shadowy hedge funds driving up pricing, and governments manipulating values through tampering with interest rates are places I think we should start looking.
Nationalizing the whole of our housing stock? Nah, I'll pass.
If the government has a monopoly on the housing stock, then individuals cannot choose what to build or how to permanently modify it since they cannot own their domicile.
Of course they can. If a government has gone as far as nationalisation, they've also inevitably also undergone a democratic revolution in the favour of the people, with the people's will leading the construction of new housing. When a person gets a home, it is theirs to have and use or modify as they wish. Why should it be any other way - what would the benefit of that be?
I will not attempt to defend large corporations and hedge funds owning housing stock.
So why parrot their talking points?
I’m an individual homeowner, so I’m looking out for those who, through some mix of hard work and/or luck, have chosen to own their homes.
So why resist the only remaining option for seizing the homes out of the hands of aforementioned hedge funds and corporations?
I benefit from choosing how I live, where I live, what my home is like, and from accumulating equity. I want to preserve that opportunity for other hard working free people.
Because you had enough money to buy a house. Most don't, however hard they work. Because of corporate monopoly and the very existence of landlords removing homes from the hands of hard working people.
As I stated in my first comment, we can certainly improve how we manage housing stock and make it available.
By taking them out of the hands of landlords.
Foreign corporations and shadowy hedge funds driving up pricing, and governments manipulating values through tampering with interest rates are places I think we should start looking
You know why they'd drive up pricing and manipulate interest, right?
Because they're fucking landlords.
Abolish landlording - remove that entire incentive. Of course that couldn't happen with the type of government we have now, so what I'm saying is either a pipe dream or a potential historical document to ponder after some future revolution.
Nationalizing the whole of our housing stock? Nah, I’ll pass.
The only people who'd potentially suffer such a thing would be landlords. I'm sorry, but you're just defending those who are keeping housing away from those who need it.
Quality housing can't be free. If there's a cost, then someone is profiting. Whether that's a corrupt government or whoever the landlord boogyman is you're targeting, it doesn't matter.
I'm not parroting any "talking points" for corporate giants, you need to get out more. Popular culture and echo chambers like this one might have you beaten down and convinced there's no way up, but that's what they want you to believe. Hopeless drones are easier to control than thinking humans. If you take control of your life at least you can be responsible for the outcome.
Personally even if I don't succeed, I find the prospect of self determinism preferable to waiting for a benevolent government to miracle my way to a better life. Large government does not exist to serve the regular person, it will grind you beneath its feet as assuredly as any corporate entity.
Quality housing can't be free. If there's a cost, then someone is profiting
In a capitalist market yes. Not a nationalised one. Nationalised industries do not need to profit, only break even at most, and they can even run at a loss. No matter what thr cost is, it will be less than under private landlords who definitrly need to profit, and at an absurd rate, to cover their lifestyles.
whoever the landlord boogyman is you're targeti
Are you... really gonna pretend you've never heard of landlords and don't know what they are? How weird of you.
I'm not parroting any "talking points" for corporate giants, you need to get out more.
So, it's just a coincidence you're using the same arguments as them, eh?
Popular culture and echo chambers like this one might have you beaten down and convinced there's no way up, but that's what they want you to believe.
?
Question for you.
When did I say there's "no way up"?
You are the one saying it's impossible, not me. You are the one saying there's no hope for change.
Hopeless drones are easier to control than thinking humans.
Yep, and that's what I'm trying to change. When all you care about is getting enough money to survive, to pay off rent and bills, you're right, you're nothing but a hopeless drone. I'm trying to tell people there is hope - and you're denying that, in fact, you're even denying there's a problem that needs to be fixed.
If you take control of your life at least you can be responsible for the outcome.
Yes, and as long as we're under the thumb of landlords, we will never be fully in control.
Personally even if I don't succeed, I find the prospect of self determinism preferable to waiting for a benevolent government to miracle my way to a better life.
This is exactly the type of propaganda i hear from landlords with 10 units. Strawmen paired with misleaning bootstrap rhetoric. "Even if i don't succeed" 99 out of 100 times. The self determination to end up on the street. The implication that it would take a miracle.
You self serving liar.
You're a fucking landlord, aren't you?
Large government does not exist to serve the regular person, it will grind you beneath its feet as assuredly as any corporate entity.
No matter what else changes, one thing remains the same.
Corporations need to make a profit. It is literally their only purpose. And they have all the power right now to dictate how they profit, whether it's by helping us or fucking us over. The fiction of needing ro provide a decent product or a helpful service to profit well is far in the past.
No government that didn't give a shit would nationalise housing. It would cost too much and be only in the people's benefit. The government would get absolutely nothing from it, other that pissing off all the billionaires and losing all their money.
Oh wait. That's losing something.
That's why they haven't done it. That's why it could only happen under a government that genuinely wants to and can work for the people.
Oh wow, thanks for putting so much thought into your replies! Aside from the couple times you've resorted to insults I've really enjoyed our back and forth conversation. It's been a mostly good faith exchange.
I know some Internet person isn't going to change your closely held beliefs in a random thread, so I'm not going to try to do that. I also admit that many of my beliefs are inconsistent with most of what is to be found in places like this, so I don't take it personally when I'm met with vehement disagreement.
Nationalised industries do not need to profit
What may have gone unnoticed is that I used the word "quality". In my experience no quality good or service has ever been provided by a large entity (government, corporation, etc..) without profit motive. National parks in the US are close, but mostly because governmental benign neglect is as close to the natural state as we get, so doing very little is doing very little harm to a system that without human participation would be in equilibrium.
Industries that do not have profit motive operate on altruism or largesse (sometimes both). Altruism cannot run high quality national scale entities, there just aren't enough folks who reject profit while still doing their best work. Largesse can run small and large operations, but at national government scale they become so wasteful that delivering quality becomes impossible. This is where my comment about nationalized housing stock being equivalent to the projects came from.
The mythical large government who cares about their people and delivers high quality services at scale has not, nor ever will, exist.
Are you... really gonna pretend you've never heard of landlords
No. But I also refuse to pretend that all landlords are evil by definition. I think PE funds and foreign nationals probably have motives which do not align with those of their renters, or the overall improvement of the quality of life in the US, so large scale ownership of domestic housing stock by entities like those poses issues, which I've already said we should address. But I have no problem with a small shop owning a handful of units, and seeking to make a profit.
You're a fucking landlord, aren't you?
Not unless you count me owning the home I live in as being my own landlord.
it could only happen under a government that genuinely wants to and can work for the people.
I think this situation is possible, but not at national scale.
When did I say there's "no way up"?
When you implied individuals cannot succeed and instead must appeal to a higher power (national scale government) which has zero evidence that it has ever existed.
You are the one saying it's impossible, not me. You are the one saying there's no hope for change.
I'm saying that Internet echo chamber groupthink pushing for larger government is what will not work. There's hope for change, but people have to be accountable to themselves first.
I agree that we should prioritize quality of life for everyone, and we must take care of those who cannot take care of themselves. Doing those things requires large scale solutions, no doubt about it. It's just doubtful that nationalizing the entire housing stock will achieve those ends.
This is the best summary I could come up with:
OTTAWA, Aug 31 (Reuters) - Canada will change how it counts non-permanent residents, the main statistics agency said on Thursday, after an economist said the current methodology may have overlooked about a million foreign students, workers and others.
The decision comes amid a fierce debate on a housing affordability crisis, which has been blamed on an increase in migrants and international students, fueling demand for homes just as rising costs have slowed construction.
In a note on Wednesday, CIBC Capital Markets economist Benjamin Tal said the argument for any such limits would be even more pressing if the government had the real figures.
Statistics Canada said it stood by its figures, but added that it will publish new, more detailed data on non-permanent residents next month using a revised methodology.
"We constantly evaluate and review our methodology to consider emerging demographic trends and new data needs," Statscan said in an emailed statement.
Statscan's terminology for non-permanent residents covers people living in Canada with work or study permits and asylum seekers.
The original article contains 234 words, the summary contains 170 words. Saved 27%. I'm a bot and I'm open source!
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