Maybe we’re full, so stop building With all the talk of housing shortages and crazy attempts by government to solve the problem, has any one considered the concept of discouraging people from moving h
ere?
Government-built and -rented housing deteriorates into social disaster; development sharks wreck any attempt to keep affordable rentals on the market; slum landlords capitalize on government’s well-intentioned regulations and support mechanisms. Do “head offices” always have to be in downtown Victoria? Please don’t let us think small and simply turn Victoria into another Hong Kong.Don’t be scared by calls of housing doom I do enjoy the “sky is falling” predictions by condo owners and their organizations regarding the NDP government’s proposed new housing rules.
We’ll see if these scary speculators thrive in a scenario where their interest-carrying costs are doubled or tripled with rising rates. Until then, let’s let those attempting to change affordability do their best and more power to them. Literally.
One could argue that it’s an unfair discrimination against homeowners or an unfair burden placed upon condo owners in these areas. It’s like that line in Planet of the Apes: “Some apes, it seems, are more equal than others.”Vander Zalm was behind property transfer tax Re: “Affordable housing: There is money for it,” letter, Nov. 22.
Aside from its issues of fairness and blatant political pandering, this law establishes the unfortunate precedent that rules can be changed retroactively for political convenience: the law is not grandfathered, meaning that investment decisions made under one set of rules are now judged under another.
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