Rent control is the perfect example to demonstrate how defective leftist mentality is. Data overwhelmingly suggests it's a terrible idea, but they strongly feel as though it's the moral position therefore the only reason anyone could possibly disagree would be if they're evil.
@RigelOrionBeta@TrueSlazac Except that research clearly shows an inverse relationship between long term rental supply and rent control. Even if a certain policy is enacted with goodwill, it can still contribute to, and exacerbate, injustice. Rent control is such a policy.
@RigelOrionBeta@TrueSlazac It’s not a universal issue because cities that chose good policies like zoning liberalization and increasing supply like Minneapolis and Austin actually saw a decrease in rent prices, while cities that chose rent control continue to suffer. Please do an ounce of research.
@RigelOrionBeta@TrueSlazac Rent control has in place in the most expensive cities in the US like NYC and San Francisco for decades at this point, contributing to the current housing crisis. What on earth are you talking about.
Most politicians aren’t honest about our housing system disaster, because the truth is hard.
For housing to be affordable again, prices need to fall.
That’s exactly what federal and provincial governments bailing out big condo developers are trying to stop.
And I get it!
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Falling home prices means many businesses, people, seniors, and families will lose wealth in real estate.
But it’s unavoidable.
Anyone saying otherwise is lying and has no intention of fixing things.
By 2035, I want price-to-income ratios for housing in Ontario fall to 5:1, which is considered “balanced” (see chart).
I would also like to see the price of market rents for 3B fall to under 30% of family income.
By being honest about this, I can also speak to the “losers” of change, promise help those who need it through the affordability transition, and ultimately enable greater economic confidence.
It’s also worth saying that maintaining “flat” prices with rising incomes won’t work for two reasons:
First, because it will take 30 years if not longer to restore true affordability.
Second, because the high cost of housing has undermined our productive economy and its ability to generate income growth in the first place.
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For 30 years, municipal, provincial, and federal governments, progressive, Liberal, and Conservative, have mismanaged our housing system.
It was not a partisan failure, but a failure of last generation’s political class to uphold the bargain of an attainable middle class life for the next one.
I’m not running for Ontario Liberal Leader to defend these failures, but to acknowledge them and then offer a real path forward.
I have 5 priorities:
1) Fix our housing supply system through land use, permitting, and building code reform.
2) Abolish taxes on new housing (and moving) while repairing municipal finance by making cities more than whole.
- - - 1 & 2 can lower the cost of building new homes by 30% or more. It will get industry building again and produce better quality housing. - - -
3) Help young people buy homes earlier in life (ideally before 30) so they start families earlier. Yes, these ideas will boost demand.
4) Prevent downward mobility and financial entrapment for middle and working class homeowners, families, and seniors because of falling prices. These are the people governments should help (not big developers).
5) Invest in non-market housing to prevent at-risk Ontarians from ending up homeless and to help the very sick people we’ve allowed to become homeless get the care and treatment they deserve.
This pathetic attitude is among the worst things about our political culture in Canada and I cannot reject it enough.
It gets cloaked in the language of progressivism but it is deeply cynical, ugly, and regressive.
Story time!
Growing up, I was hugely inspired by RIM (BlackBerry). It was one of the reasons why I wanted to go to Waterloo.
I thought it was so cool one of the most innovative companies on earth was an hour away from home.
In fact, my program, Nanotechnology Engineering, was able to exist in part due to the philanthropy of Mike Lazaridis, who funded the Institute of Quantum Computing and Nanotechnology (along with the Perimeter Institute for theoretical physics, which is a brilliant asset for the province and country). Balsillie, for his part, has spent tens of not hundreds of millions of his personal wealth on advocacy and institutions to make Canada a better place. But he too was castigated in our media.
Through high school, I saw how Canadas media took an axe to RIM founders (Mike and Jim), and basically cheered on the decline of the business against competition from Apple and Google.
It was a complete disgrace.
Well, in 2013 I got my second co-op job there, just as they rolled out BB10 (the QNX operating system). 6 weeks into my co-op, my entire department was laid off (Modems/Semiconductors).
Nearly every one of my colleagues ended up moving to the US. Some of the most capable talent on earth, poached in weeks. It was loss that was absolutely devastating to witness.
I have no doubt people like Bruce cheered on the spectacle, just like he would cheer the downfall of Shopify if it were to ever happen; despite the champion it’s been for the country, the thousands of good jobs it’s created, and all the spin-off businesses that have created huge wealth for Ontario.
Well let me be clear that I will have none of this nonsense.
@capybaranorth@WatcherAfar@briketysplit Temporary residents are meant to be temporary, as the name suggests. It's never crazy or racist to suggest that we should reduce the number of temporary residents, because the entire program was based on the understanding that their stay would be temporary.
@corruptario Can you please enlighten me as to what is wrong with the proposal to cut development charges? Is it not insane that development charges are, on average, 150k per unit amidst a housing crisis?
@capybaranorth@briketysplit I'm genuinely not sure how any of what was expressed in that post is "anti-immigrant". Mind you, I'm a first-generation immigrant myself, and it's a very common sentiment in many immigrant communities to want to see a more controlled approach to immigration.
Woe to those who manipulate religion and the very name of God for their own military, economic, and political gain, dragging that which is sacred into darkness and filth. #ApostolicJourney#Cameroon https://t.co/bKteFZ3iWE
Liberal gaslighting about Canadian politics gets pretty exhausting. Like, the parliamentary system literally couldn’t function if we “voted for the person not the party,” but now they’re acting like that’s somehow always been understood as the objectively “correct” way to vote.
Trump is putting his face on coins, posted about building a gold statue of himself in the holy land, depicted himself as pope, posted jealously about not being able to call himself a god, and posted an image of himself being worshipped. If only scripture offered some guidance…
The Liberal party has Patrick Pichette a former Senior VP of Google on stage who lives in Europe by the way, say that if Canadians want to leave Canada to work in the US they need to pay an exit tax of half a million dollars. The guy did the very thing to get a Microsoft job decades ago and paid 30 bucks. Now he wants young Canadians to be trapped here. The Liberals are nuts.
If we're going to be like Singapore with a unique party winning all the time, can we at least do like Singapore and have ministers who are competent instead of losers like him?