The Housing Shortage

[Warhippy]

15 hours ago, Barnstorm said:

Hey shill

 

Employment is business based.

Rent/housing are private sector

Food is corporate

Gas is corporate

 

So Trudeau did what exactly?

 

You want him to be in charge of everything?  You asking for some socialism or?

[Barnstorm]

37 minutes ago, Warhippy said:

Hey shill

 

Employment is business based.

Rent/housing are private sector

Food is corporate

Gas is corporate

 

So Trudeau did what exactly?

 

You want him to be in charge of everything?  You asking for some socialism or?

Gotcha ya!

 

This is hilarious!

 

One meme posted and half a dozen people triggered over a joke. 
 

Do you even know what a shill is or when to use the word in a sentence? 
 

Sorry if I upset people. 
Thicker skins are needed. 

Edited April 13 by Barnstorm

[Bob Long]

3 hours ago, JIAHN said:

 

So if i got this right.....you say Government should let private industry work it out, which has been the way it has always been and has created the problem, and that is your solution?

 

thats not what I said. I said government should do the job of regulating. Not building. 

[Gurn]

3 hours ago, JIAHN said:

As a pensioner, I have a fixed income, and the government has done squat for me, all the while, increasing my costs.

The increase in CPP pay outs didn't help you, or the new dental and pharma care?

[aGENT]

8 hours ago, JIAHN said:

 

Yes, I agree! 150%

 

I worked hard for my money, paid taxes that support other, that may or may not work as hard as I did. I don't complain about that. But what I do with my money and my house, which is a primary residence, is my business. I should not be the solution to fix the housing shortage. I plan on going south for 3 months every year, and had planned on supplementing my income so that I could do that, with my short term house rental..............now it seems I can not do that.

 

As a pensioner, I have a fixed income, and the government has done squat for me, all the while, increasing my costs. (I shop at Walmart, and the dollar store) and giving low income people an increase in income has raised my expenses, all the while, making it harder on me. This is typical of the NDP..........so now I can't supplement my income, and I have to pay more for services......great retirement!

 

It is not my job, nor my money that should be counted on to fix the problems..............in my opinion, this has helped the hotel industry, and real-estate industry, and has done nothing to lower rental units. 

 

Open up land, and don't let developers get ahold of it....this is the solution.......and while your at it, give pensioners a tax exemption, to help stem off inflation, because everyone else gets raises, and is mobile......and can move.......us? Not so much!

 

 

 

The government didn't increase your grocery costs FWIW. You can thank corporate profiteering (and a pandemic) for that. 

 

Housing is a multi layered issue, largely municipal (though the provinces certainly do own some responsibility as well, and across both the previous Lib(Con)s and current NDP here in BC). Though the latter are actually probably handling it better than any other province. 

 

As for the heavy handed Airbnb rules, while I certainly don't agree with ALL of them, the thought process isn't insane, it's also the will of a LOT of the people (even if you and I agree that particular part is misguided).

 

 

Edited April 14 by aGENT

[MattJVD]

10 hours ago, JIAHN said:

 

Yes, I agree! 150%

 

I worked hard for my money, paid taxes that support other, that may or may not work as hard as I did. I don't complain about that. But what I do with my money and my house, which is a primary residence, is my business. I should not be the solution to fix the housing shortage. I plan on going south for 3 months every year, and had planned on supplementing my income so that I could do that, with my short term house rental..............now it seems I can not do that.

 

As a pensioner, I have a fixed income, and the government has done squat for me, all the while, increasing my costs. (I shop at Walmart, and the dollar store) and giving low income people an increase in income has raised my expenses, all the while, making it harder on me. This is typical of the NDP..........so now I can't supplement my income, and I have to pay more for services......great retirement!

 

It is not my job, nor my money that should be counted on to fix the problems..............in my opinion, this has helped the hotel industry, and real-estate industry, and has done nothing to lower rental units. 

 

Open up land, and don't let developers get ahold of it....this is the solution.......and while your at it, give pensioners a tax exemption, to help stem off inflation, because everyone else gets raises, and is mobile......and can move.......us? Not so much!

 

 

I'm fairly sure (not 100%, should double check the regulations) that putting your primary residence or a portion of your primary residence on AirBNB is still allowed.

[JIAHN]

1 hour ago, MattJVD said:

I'm fairly sure (not 100%, should double check the regulations) that putting your primary residence or a portion of your primary residence on AirBNB is still allowed.

Thanks Matt...I have been told that you have to be there.............but I will check again! Thanks

[Warhippy]

On 4/13/2024 at 1:04 PM, Barnstorm said:

Gotcha ya!

 

This is hilarious!

 

One meme posted and half a dozen people triggered over a joke. 
 

Do you even know what a shill is or when to use the word in a sentence? 
 

Sorry if I upset people. 
Thicker skins are needed. 

SO your whole intention or purpose was attetnion?

 

That's really sad.

[6YPE]

Supply and demad is a big part of the problem. There are more people moving to Canada each year than we can accomodate. We simply don't have the infrastructure for the amount of people already living here let alone the ones coming. 

[HarbularyBattery]

On 4/13/2024 at 5:41 PM, aGENT said:

 

The government didn't increase your grocery costs FWIW. You can thank corporate profiteering (and a pandemic) for that. 

 

Housing is a multi layered issue, largely municipal (though the provinces certainly do own some responsibility as well, and across both the previous Lib(Con)s and current NDP here in BC). Though the latter are actually probably handling it better than any other province. 

 

As for the heavy handed Airbnb rules, while I certainly don't agree with ALL of them, the thought process isn't insane, it's also the will of a LOT of the people (even if you and I agree that particular part is misguided).

 

 

its a mix of authorities being way too slow to relax zoning restrictions + poor transit options from distant suburbs into the city + perpetual influx of migrants and many other factors. definitely multilayered and hard to pin the blame on any one thing or one group, but the city should have been planning for this 15 years ago. 

 

we also need to realize we live in a very urban and developed city, and we're gonna have to get used to less square footage, much like europeans have gotten used to for decades now. 2000 sqft for a family just isnt realistic here anymore. broadly think multiplexes are the future and if rapid transit can expand further into the suburbs quickly, we shouldnt have any shortage of land to build on

[aGENT]

On 4/13/2024 at 7:57 PM, MattJVD said:

I'm fairly sure (not 100%, should double check the regulations) that putting your primary residence or a portion of your primary residence on AirBNB is still allowed.

 

It is. I still have issues with their heavy handed rules on many people's vacation properties. 

 

If I've worked hard and managed to buy a vacation property somewhere, that I plan to use/live in part of the year, I should be able to rent out that property when I'm not using it. It was never going to be long term rental property. By all means regulations against (frequently foreign) investment groups buying up swaths of properties is a MAJOR issue that needed to be tackled. But exemptions should be made for individual owners IMO.

 

It may yet also restrict the money a lot of smaller "vacation" towns rely on as well. People will have less options to stay in those towns now. That means less money coming to those communities.

Edited April 15 by aGENT

[HarbularyBattery]

1 hour ago, aGENT said:

 

It is. I still have issues with their heavy handed rules on many people's vacation properties. 

 

If I've worked hard and managed to buy a vacation property somewhere, that I plan to use/live in part of the year, I should be able to rent out that property when I'm not using it. It was never going to be long term rental property. By all means regulations against (frequently foreign) investment groups buying up swaths of properties is a MAJOR issue that needed to be tackled. But exemptions should be made for individual owners IMO.

 

It may yet also restrict the money a lot of smaller "vacation" towns rely on as well. People will have less options to stay in those towns now. That means less money coming to those communities.

100% agree. proactive review of zoning regulations should have had a solution to this ages ago. absolutely ridiculous that they can apply the same crushing restrictions province-wide without any consideration for properties & towns that are clearly tourism-exclusive. 

[King Heffy]

10 minutes ago, HarbularyBattery said:

100% agree. proactive review of zoning regulations should have had a solution to this ages ago. absolutely ridiculous that they can apply the same crushing restrictions province-wide without any consideration for properties & towns that are clearly tourism-exclusive. 

https://vancouversun.com/news/local-news/parksville-property-owners-get-exemption-from-short-term-rental-rules

 

https://vancouversun.com/news/local-news/tofino-embraces-new-short-term-rental-rules-to-assist-renters-while-victoria-asks-for-more-time

 

Parksville got an exemption and Tofino's local government opted in.  How is this "without any consideration for properties & towns that are clearly tourism-exclusive?"

[Bob Long]

Finally, some truth to this:

 

The dirty secret of the housing crisis? Homeowners like high prices

 

But Paul Kershaw, a public policy professor at the University of British Columbia and founder of the affordability advocacy group Generation Squeeze, says the emphasis on increasing housing supply obscures an issue politicians are less likely to address.

Namely, that we, as a country, have become addicted to ever-rising home prices, largely because we've been conditioned to see our homes as financial assets.

 

https://www.cbc.ca/news/business/housing-prices-affordability-real-estate-1.7170775

[HarbularyBattery]

2 hours ago, King Heffy said:

https://vancouversun.com/news/local-news/parksville-property-owners-get-exemption-from-short-term-rental-rules

 

https://vancouversun.com/news/local-news/tofino-embraces-new-short-term-rental-rules-to-assist-renters-while-victoria-asks-for-more-time

 

Parksville got an exemption and Tofino's local government opted in.  How is this "without any consideration for properties & towns that are clearly tourism-exclusive?"

 

Interesting, i didnt know this, thanks for educating me. 

 

Sounds like some good work is being done

[HarbularyBattery]

2 hours ago, Bob Long said:

Finally, some truth to this:

 

The dirty secret of the housing crisis? Homeowners like high prices

 

But Paul Kershaw, a public policy professor at the University of British Columbia and founder of the affordability advocacy group Generation Squeeze, says the emphasis on increasing housing supply obscures an issue politicians are less likely to address.

Namely, that we, as a country, have become addicted to ever-rising home prices, largely because we've been conditioned to see our homes as financial assets.

 

https://www.cbc.ca/news/business/housing-prices-affordability-real-estate-1.7170775

a while back i read a fascinating history of vancouver real estate speculation, its been treated as a speculative asset since the late 1800s. 

 

im sure this effect has only gotten worse as peoples savings have been eroded by inflation, the house is the only thing thats keeping peoples financial situation afloat

[Bob Long]

7 minutes ago, HarbularyBattery said:

a while back i read a fascinating history of vancouver real estate speculation, its been treated as a speculative asset since the late 1800s. 

 

im sure this effect has only gotten worse as peoples savings have been eroded by inflation, the house is the only thing thats keeping peoples financial situation afloat

 

It's really hard to say no to doubling your equity in 5 years, as was the case for a stretch there.

 

What political party said no? 

[HarbularyBattery]

3 minutes ago, Bob Long said:

 

It's really hard to say no to doubling your equity in 5 years, as was the case for a stretch there.

 

What political party said no? 

yea agreed, no political will to change the situation at all

 

now majority are without their own home & rents are unaffordable as a result

 

its very sad

 

im really hoping that the next 5-6 years we see a big push to expand rapid transit outwards and more single family homes get redeveloped into multiplexes

[Bob Long]

11 minutes ago, HarbularyBattery said:

yea agreed, no political will to change the situation at all

 

now majority are without their own home & rents are unaffordable as a result

 

its very sad

 

im really hoping that the next 5-6 years we see a big push to expand rapid transit outwards and more single family homes get redeveloped into multiplexes

 

Yep that and a ton of leasehold property 

[HarbularyBattery]

2 hours ago, Bob Long said:

 

Yep that and a ton of leasehold property 

i had an idea id love to see them try-

 

loosen up subdivision rules & provide interest free loans to homeowners that redevelop their 1970s or older teardowns into multiunit properties. a ton of those homes are fire hazards not to mention are chock full of asbestos and other terrible things. 

 

case would be something like:

 

bungalow from the 1960s gets torn down and redeveloped into:

 

- 3 storey home with legal groundfloor/basement suite

 

+ 1-2br laneway house

 

where the subidivison loosening rules apply: owner can choose to sell the small parcel of land with the laneway house

 

 

win win win for everyone involved:

 

- home owner can "take profit" on real estate investment without losing roof over his/her head & can redevelop into something much nicer & vertical (can probably do this without losing much or any living space)

- additional rental unit enters the rental pool (basement/ground level suite)

- additional affordable property (laneway house + land parcel) becomes affordable to purchase, and increased supply hopefully leads to moderated prices

[The Arrogant Worms]

1 hour ago, HarbularyBattery said:

i had an idea id love to see them try-

 

loosen up subdivision rules & provide interest free loans to homeowners that redevelop their 1970s or older teardowns into multiunit properties. a ton of those homes are fire hazards not to mention are chock full of asbestos and other terrible things. 

 

case would be something like:

 

bungalow from the 1960s gets torn down and redeveloped into:

 

- 3 storey home with legal groundfloor/basement suite

 

+ 1-2br laneway house

 

where the subidivison loosening rules apply: owner can choose to sell the small parcel of land with the laneway house

 

 

win win win for everyone involved:

 

- home owner can "take profit" on real estate investment without losing roof over his/her head & can redevelop into something much nicer & vertical (can probably do this without losing much or any living space)

- additional rental unit enters the rental pool (basement/ground level suite)

- additional affordable property (laneway house + land parcel) becomes affordable to purchase, and increased supply hopefully leads to moderated prices

My house was built in 1972.  It has been updated.  Even if I could get an interest free loan for more renosI could not pay it back before I die.

[The Arrogant Worms]

B.C. home sales slide almost 10 per cent in March despite mortgage rate drop

https://bc.ctvnews.ca/b-c-home-sales-slide-almost-10-per-cent-in-march-despite-mortgage-rate-drop-1.6847619

[aGENT]

8 hours ago, King Heffy said:

https://vancouversun.com/news/local-news/parksville-property-owners-get-exemption-from-short-term-rental-rules

 

https://vancouversun.com/news/local-news/tofino-embraces-new-short-term-rental-rules-to-assist-renters-while-victoria-asks-for-more-time

 

Parksville got an exemption and Tofino's local government opted in.  How is this "without any consideration for properties & towns that are clearly tourism-exclusive?"

 

I wonder if Tofino is going to regret that decision once the tourism dollars dry up a bunch due to a lack of short term rentals to bring in, you know... tourists? 

 

It's also a whopping two communities in the province. They aren't the two only places people vacation in BC.

[HarbularyBattery]

1 hour ago, The Arrogant Worms said:

My house was built in 1972.  It has been updated.  Even if I could get an interest free loan for more renosI could not pay it back before I die.

could just be an option for people, not required of course

 

but would be attractive for people who have small old bungalows and have really underbuilt their property & have no ability to modify the existing home to add a suite, etc. 

 

 

[4petesake]

1 hour ago, aGENT said:

 

I wonder if Tofino is going to regret that decision once the tourism dollars dry up a bunch due to a lack of short term rentals to bring in, you know... tourists? 

 

It's also a whopping two communities in the province. They aren't the two only places people vacation in BC.

 

There are actually 90 communities that are exempt from the principal residence requirements. Some smaller communities and tourist destinations in B.C. are exempt from the Province’s principal residence requirement. Any community can also choose to opt out after 2 consecutive years with a vacancy rate of 3% or more.

 

https://www2.gov.bc.ca/gov/content/housing-tenancy/short-term-rentals/principal-residence-requirement