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2 yr. ago

  • Well given we have limited resources and climate change is causing a lot of issues, we really should stop growing the economy and creating more inflation, because we're going to see widespread deflation over the next few decades. Everything we build up now will come back down, as we refuse to build for the new world & cling to the old one.

  • You say that as if the solution is just "people in charge say it should be fixed". What are the major causes of the housing crisis & see do you see it being fixed?

    From what I've been reading from various sources, the problems we're seeing are a combination of deep-seated urban design failures, combined with the changes to investment rules over the last few decades. Neither are quick fixes.

  • Landlords provide housing the way scalpers "provide" tickets. The solution for people who need can't afford to buy or who only need short term accommodation is public housing.

    The CMHC used to provide funds to the provinces which would then build big public housing units with affordable rent. This provide a check & balance to the free market, keeping rents and house prices from skyrocketing. But then in the 80s and 90s, both Conservative and Liberal PMs successively defunded that aspect of the CMHC to solve budget issues, and those properties were destroyed as they reached their "maturity" date, regardless of whether the building was still usable or not.

    I lived near one of them, located here: https://maps.app.goo.gl/SG2kkXeVsp3Nia2RA Check out the street view and click "see more dates" for 2012, that's housing for 90+families. Then in 2014 it was closed for demolition. And today it's still an empty grass lot. Almost 10 years as a Govt-owned empty lot, instead of affordable housing, because those Govts kept promising "market solutions" to housing problems.

    But it turns out the "problem" with housing was letting the "free market" turn it into another Tulip Bulb craze, instead of keeping it an affordable necessity

  • Historically, what made countries great was their ability to provide rising standards of living to its citizens. That often results in large gold reserves and military might, but plenty of places with gold and bullets were bad places to live.

    But the rich wasn't us to believe those metrics, so we can ignore how living standards are dropping, indicating that Capitalism has failed to provide a better lifestyle.

  • And what's really fun is that despite the housing crisis, many home builders outside the big-3 city areas are running slow right now because regular people can't qualify for housing. I've only been working 5-12 days a month for the last year, between a shortage of framers (many moved to Ontario in 2021 due to work slowing), shortage of materials, and now interest rates killing purchases.

    We're so fucked, and anyone in a position to fix things just refuses to. If you build public housing, prices drop and you get voted out by angry house owners. Don't build houses, and both homelessness and living standards get so much worse, and you get voted out by angry poor folks.

  • That's good politics works. The guy in charge openly washed his hands of the problem and doesn't seem to have any solutions. So the masses are turning to the person who says "I can fix it!", even if he doesn't have a plan.