The Housing Shortage

[aGENT]

9 minutes ago, 4petesake said:

 

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

 

 

And there's a lot that aren't exempt. Again, People should be allowed to use their own, personal, individual vacation properties as they see fit. A property that they plan to live in part of the year is not going to increase long term rental stock.

[4petesake]

23 minutes ago, aGENT said:

 

And there's a lot that aren't exempt. Again, People should be allowed to use their own, personal, individual vacation properties as they see fit. A property that they plan to live in part of the year is not going to increase long term rental stock.

 

Yeah I really wasn’t commenting on that one way or the other, just you got me curious how many tourist communities were exempt. There are also some vacation properties that are exempt but i didn’t read too deeply on those and people with a vested interest can use the link to see how they are affected.

[LaBamba]

On 4/13/2024 at 1:29 PM, 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?

The federal government sets the stage for the fuck show.
inflation is accelerated by poor policy.

Immigration volume driving demand for housing.
Currency devaluation due to Debt and no tangible backing of the currency. Everyone laughs at PP’s suggestion of backing the currency with Crypto but if we would’ve diversified our treasury with it, we would be looking at a stronger dollar today. (Bitcoin reaching historic highs). 
Spending Billions on a pipeline that Kinder Morgan could’ve paid for. 
Creation of a unfavourable business environment for natural resources to be harvested and sold on the global market while simultaneously strengthening our currency further with tangible resources. 
Carbon Tax during historically high inflation. A carbon tax is the most uncreative, lazy way a government could possibly deal with climate change. Taxing a struggling economy on a source of energy we have no alternative to is borderline criminal. We don’t even have a greyhound route anymore FFS, lol. You might as well tax oxygen. 
 

when I was in my 20’s it was the conservative golden age. The country had a strong currency, low unemployment, affordable housing with low inflation. I feel really bad for everyone in their 20’s today.
 

The country is so broken that these people who should be acquiring wealth and building their future, will sit here and somehow be happy with having nothing, and having no hope of owning anything. If socialism is what you want, you need something to pay for it. We are borrowing money and demonizing the source of our national wealth. The only way out of this madness is a complete economic collapse, but I guess if you have nothing, an economic collapse doesn’t mean much. 

 

[Warhippy]

3 hours ago, LaBamba said:

The federal government sets the stage for the fuck show.
inflation is accelerated by poor policy.

Immigration volume driving demand for housing.
Currency devaluation due to Debt and no tangible backing of the currency. Everyone laughs at PP’s suggestion of backing the currency with Crypto but if we would’ve diversified our treasury with it, we would be looking at a stronger dollar today. (Bitcoin reaching historic highs). 
Spending Billions on a pipeline that Kinder Morgan could’ve paid for. 
Creation of a unfavourable business environment for natural resources to be harvested and sold on the global market while simultaneously strengthening our currency further with tangible resources. 
Carbon Tax during historically high inflation. A carbon tax is the most uncreative, lazy way a government could possibly deal with climate change. Taxing a struggling economy on a source of energy we have no alternative to is borderline criminal. We don’t even have a greyhound route anymore FFS, lol. You might as well tax oxygen. 
 

when I was in my 20’s it was the conservative golden age. The country had a strong currency, low unemployment, affordable housing with low inflation. I feel really bad for everyone in their 20’s today.
 

The country is so broken that these people who should be acquiring wealth and building their future, will sit here and somehow be happy with having nothing, and having no hope of owning anything. If socialism is what you want, you need something to pay for it. We are borrowing money and demonizing the source of our national wealth. The only way out of this madness is a complete economic collapse, but I guess if you have nothing, an economic collapse doesn’t mean much. 

 

Yikes 

[Bob Long]

10 hours ago, LaBamba said:

The federal government sets the stage for the fuck show.
inflation is accelerated by poor policy.

Immigration volume driving demand for housing.
Currency devaluation due to Debt and no tangible backing of the currency. Everyone laughs at PP’s suggestion of backing the currency with Crypto but if we would’ve diversified our treasury with it, we would be looking at a stronger dollar today. (Bitcoin reaching historic highs). 
Spending Billions on a pipeline that Kinder Morgan could’ve paid for. 
Creation of a unfavourable business environment for natural resources to be harvested and sold on the global market while simultaneously strengthening our currency further with tangible resources. 
Carbon Tax during historically high inflation. A carbon tax is the most uncreative, lazy way a government could possibly deal with climate change. Taxing a struggling economy on a source of energy we have no alternative to is borderline criminal. We don’t even have a greyhound route anymore FFS, lol. You might as well tax oxygen. 
 

when I was in my 20’s it was the conservative golden age. The country had a strong currency, low unemployment, affordable housing with low inflation. I feel really bad for everyone in their 20’s today.
 

The country is so broken that these people who should be acquiring wealth and building their future, will sit here and somehow be happy with having nothing, and having no hope of owning anything. If socialism is what you want, you need something to pay for it. We are borrowing money and demonizing the source of our national wealth. The only way out of this madness is a complete economic collapse, but I guess if you have nothing, an economic collapse doesn’t mean much. 

 

 

Dunno man, looks like our natural resources sector is doing pretty well 

 

https://natural-resources.canada.ca/maps-tools-and-publications/publications/minerals-mining-publications/mineral-trade/19310

[LaBamba]

4 hours ago, Bob Long said:

 

Dunno man, looks like our natural resources sector is doing pretty well 

 

https://natural-resources.canada.ca/maps-tools-and-publications/publications/minerals-mining-publications/mineral-trade/19310

You mean return to normal from pre Covid? And fill the gap from Russian sanctions? Cool scoop.  
The only thing that’s keeping us alive is actually a symptom of incompetence. Our degraded currency.  

 

 

[Bob Long]

37 minutes ago, LaBamba said:

You mean return to normal from pre Covid? And fill the gap from Russian sanctions? Cool scoop.  
The only thing that’s keeping us alive is actually a symptom of incompetence. Our degraded currency.  

 

 

 

dunno about all that, just looking at the actual export numbers. 

 

[LaBamba]

25 minutes ago, Bob Long said:

 

dunno about all that, just looking at the actual export numbers. 

 

What’s not to know? The supply chain disruption of Covid and Russia being taken out of the global market by sanctions is a pretty clear reason, but Hey man, whatever you need to keep yourself in line. 

[Bob Long]

25 minutes ago, LaBamba said:

What’s not to know? The supply chain disruption of Covid and Russia being taken out of the global market by sanctions is a pretty clear reason, but Hey man, whatever you need to keep yourself in line. 

 

Wtf are you talking about? In line with what? 

 

 

[LaBamba]

1 hour ago, Bob Long said:

 

Wtf are you talking about? In line with what? 

 

 

In line with your god. 

[Bob Long]

3 hours ago, LaBamba said:

In line with your god. 

 

you've lost me. 

[aGENT]

Anecdotally, there's a TONNE of new listings on the market in my neck of the woods. Something like a 300 listing jump in just Nanaimo, in just this past month. I know there's still a LOT more people than homes, but that availability is at least a partly positive sign in our otherwise bleak housing market. May even create a small bit of pressure on prices.

Edited April 17 by aGENT

[Rook]

1 hour ago, Bob Long said:

 

you've lost me. 

He can’t win in an argument so he will resort to the you worship Trudy can’t make this stuff up.. says getting in line and then just regurgitates right wing talking points.  Stay lost!  It’s more peaceful  

[MattJVD]

1 hour ago, aGENT said:

Anecdotally, there's a TONNE of new listings on the market in my neck of the woods. Something like a 300 listing jump in just Nanaimo, in just this past month. I know there's still a LOT more people than homes, but that availability is at least a partly positive sign in our otherwise bleak housing market. May even create a small bit of pressure on prices.

Victoria stats from the Real Estate Board are consistant with your observation: active listings are 677 higher than last year (at March 31) while sales for March fell by 2

 

[Elias Pettersson]

1 hour ago, Rook said:

He can’t win in an argument so he will resort to the you worship Trudy can’t make this stuff up.. says getting in line and then just regurgitates right wing talking points.  Stay lost!  It’s more peaceful  

 

42% of the voting electorate are currently voting Conservative if an election were to be held today.  So seems like the majority of voters are now “right wing”…

[Elias Pettersson]

9 minutes ago, MattJVD said:

Victoria stats from the Real Estate Board are consistant with your observation: active listings are 677 higher than last year (at March 31) while sales for March fell by 2

 

 

Same with Vancouver.  However, prices are going up and should continue to go up this year.  The increase in inventory levels is negligible compared to the demand that is out there.  There needs to be a massive amount of new inventory put onto the market to make a dent in prices.  This can’t happen overnight as developers need years to finish new projects.  Too much red tape from municipalities that needs to be eliminated. 

[King Heffy]

11 hours ago, Elias Pettersson said:

 

42% of the voting electorate are currently voting Conservative if an election were to be held today.  So seems like the majority of voters are now “right wing”…

Less than half isn't a majority unless you're using alternative math.

Edited April 17 by King Heffy

[Elias Pettersson]

16 minutes ago, King Heffy said:

Less than half isn't a majority unless you're using alternative math.

42% is indeed a majority in politics. It allows the Conservatives to form a majority government. 

[King Heffy]

6 minutes ago, Elias Pettersson said:

42% is indeed a majority in politics. It allows the Conservatives to form a majority government. 

It's still not a majority of voters though, which is what you claimed.  Most Canadians are still opposed to Poilivre and his barbaric beliefs.

 

[Bob Long]

2 minutes ago, King Heffy said:

It's still not a majority of voters though, which is what you claimed.  Most Canadians are still opposed to Poilivre and his barbaric beliefs.

 

 

only one poll that matters. PP really hasn't been challenged on his dumb ideas, its just his firehose of negative BS. Remember the election interference inquiry? the one he refused to learn anything meaningful about, because sound bite? thats going as most expected, and nothing like PP claimed. 

 

Maybe some people are willing to bet our currency on bitcoin, but most people when they understand how speculative and risky that is won't agree with lil PP.

 

We can go on and on, he's just a rage farmer. 

[The Arrogant Worms]

B.C.'s short-term rental regulations include $10K daily penalties for Airbnb, other platforms

https://bc.ctvnews.ca/b-c-s-short-term-rental-regulations-include-10k-daily-penalties-for-airbnb-other-platforms-1.6852275

[6of1_halfdozenofother]

An interesting read over at The Tyee.  Bit of a long "interview" (conducted via e-mail and stitched together) though.  I've excerpted the tail end of the interview below.

 

https://thetyee.ca/Culture/2024/07/19/Patrick-Condon-Why-Housing-Costs-So-High/

 

Quote

Beers: Right, so to boil it down, let’s presume B.C. Premier David Eby and Vancouver Mayor Ken Sim are in a book club, and they read yours. Naturally, each decides to appoint you their special adviser on housing policy. Right off, what key things would you advise them to do?

 

Condon: An extremely unlikely scenario, I must say. But I would offer the following.

 

In the shorter term I would ask them to extend rent control beyond the tenant to the unit itself — so called “vacancy control.” This also has the benefit of making rental district lands less attractive to the global real estate investment trusts, or REITs, by reducing the speculative value of these city lands.

 

Second, starting no later than Monday, do it like Vienna did — by renting city lands for NGOs or co-op corporations to build on at prices that match what affordable rents can amortize. There are many parcels available.

 

Over the longer term, do not allow new density unless 50 per cent or more of the new units are permanently affordable. Increasing this from its current policy of 20 per cent below market to 50 per cent “permanently affordable to median wage earners” may slow development in the short term, but in time the land markets will adjust to this new requirement.

 

You see, within the next 30 years, the large majority of all private parcels in the city will be sold to someone. And when that happens, if my advice is followed, those parcels will be sold at land prices that are “market” prices at that time — prices that you will have not yourself inflated with the kind of unconditional upzoning we are allowing today unfortunately.

 

This is a process of what you might call “disciplining the land market.” Currently the land market is very undisciplined in Vancouver. In fact, built into how our city land markets are working is an assumed large annual increase in urban land value inflamed by allowing new market density citywide — as we have done.

 

Unless this trend can be slowed, the market will likely never be able to deliver affordable housing. We are currently just feeding the land price inflationary beast.

 

Disciplining the land markets via a suggested 50 per cent permanently affordable requirement is, I would argue, a locally practical way to hold down urban land prices. Vienna and Singapore, two very good precedents, did something similar. They both shunted more and more of their urban land beyond the reach of the global market, all by managing land value.

 

Vienna did it by taxing residential land at a high rate to drive down its speculative value while producing the revenue needed to purchase city land for affordable housing.

 

Singapore had an easier time of it in one key respect. Much of their urban land belonged to the city, and still does. In Singapore the city rents out the land that housing sits on to new residents at affordable rates. Residents thus own the apartment unit itself, sans land value. That lets homeowners build equity on their unit but not the land.

 

But of course, having Premier Eby and Mayor Sim embrace and advance these policies is an impossible dream, because both of them are touting the exact opposite approach — a kind of “trickle-down housing” solution that assumes government impediments, not land speculation itself, stand in the way of cheaper housing. They both support releasing development from most of the social betterment requirements, in the faith that this will lower prices.

 

It won’t. It will just make landowners richer.

 

The recent raft of housing bills passed by the B.C. legislature last November are illustrative of what is now an international trend. All three bills (44, 46 and 47) remove local policy control over city building. They justify this approach, remarking that “getting out of the way of the private sector,” (or words to that effect) will make housing cheaper.

 

But hold on! Vancouver is literally world famous for adding, over the entire post-Second World War era, proportionately more new market-rate housing units than any other North American centre city. It flowed from Vancouverism.

 

If adding density to an already built-out city automatically led to a more affordable city, Vancouver should have North America’s cheapest housing. It has North America’s most expensive. 

 

 

[Bob Long]

38 minutes ago, 6of1_halfdozenofother said:

An interesting read over at The Tyee.  Bit of a long "interview" (conducted via e-mail and stitched together) though.  I've excerpted the tail end of the interview below.

 

https://thetyee.ca/Culture/2024/07/19/Patrick-Condon-Why-Housing-Costs-So-High/

 

 

 

been yammering on for years about this part:

 

Second, starting no later than Monday, do it like Vienna did — by renting city lands for NGOs or co-op corporations to build on at prices that match what affordable rents can amortize. There are many parcels available.

 

 

[6of1_halfdozenofother]

6 minutes ago, Bob Long said:

 

been yammering on for years about this part:

 

Second, starting no later than Monday, do it like Vienna did — by renting city lands for NGOs or co-op corporations to build on at prices that match what affordable rents can amortize. There are many parcels available.

 

 

 

zOMG, Jimmy and the Tyee agree on something!

 

 

.......just teasin' ya.  

[Bob Long]

11 minutes ago, 6of1_halfdozenofother said:

 

zOMG, Jimmy and the Tyee agree on something!

 

 

.......just teasin' ya.  

 

well, to be accurate, I've been saying this for about 10 years, so its the Tyee agreeing with me