There is so much “I’ve got mine” attitude that solving the crisis has become such a political issue. Everyone wants to fix the housing crisis but only if they keep seeing 10% annual returns on their real estate. I agree that a crown corp buying land and building housing would be good, but many people would argue the government is subsidizing and “handing out housing” while others have had to struggle for a mortgage. This bubble has gotten so big its becoming impossible to deflate until it bursts catastrophically.
The best thing we could do for the housing crisis is focusing on infilling and upzoning density, as that could set us up for better transit projects that could snowball into more density and upzoning while also putting us in a better position to become more environmentally friendly and far less car dependant.
There is so much “I’ve got mine” attitude that solving the crisis has become such a political issue. Everyone wants to fix the housing crisis but only if they keep seeing 10% annual returns on their real estate. I agree that a crown corp buying land and building housing would be good, but many people would argue the government is subsidizing and “handing out housing” while others have had to struggle for a mortgage. This bubble has gotten so big its becoming impossible to deflate until it bursts catastrophically.
The best thing we could do for the housing crisis is focusing on infilling and upzoning density, as that could set us up for better transit projects that could snowball into more density and upzoning while also putting us in a better position to become more environmentally friendly and far less car dependant.