157
submitted 1 year ago by RandAlThor@lemmy.ca to c/canada@lemmy.ca
you are viewing a single comment's thread
view the rest of the comments
[-] Showroom7561@lemmy.ca 0 points 1 year ago

If you don’t profit from sitting on land, then real estate is not a profitable investment. Prices should be flat. Still lots of reasons to own your own home, but leaching the productivity of others isn’t one of them.

Explain.

Land has value, and sometimes it goes down, but it usually goes up. Whether you are actively using the land is completely irrelevant because someone will pay you to make use of it.

I don't think that people should be allowed to hoard large amounts of land for the purpose of selling it later on, so there should be regulations put in place to prevent this.

But calling a farmer who isn't actually using their land and who wants to sell it at a profit to some developer "leaching" seems harsh.

Every expert across the political and economic spectrum, from left to right, thinks that there is a housing affordability crisis. It’s scary that people like you, who deny that there is even a problem, exist.

That's unfair. I'm going by the universal definition of "affordable housing" set by these experts, while using Stats Canada data to illustrate that the majority of Canadians can afford housing (rental).

You can disagree or claim that I deny there's a problem, but perhaps we are using different criteria here.

What definition of "affordable housing" are you going by, and what data are you using to support the idea that Canadians can't afford housing?

I find that the biggest challenge to discussing affordable housing is that some people have wildly different ideas of what that means.

this post was submitted on 28 Aug 2023
157 points (96.4% liked)

Canada

7185 readers
451 users here now

What's going on Canada?



Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities


🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities


💵 Finance / Shopping


🗣️ Politics


🍁 Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS