Carney lays out his plan to build a lot more affordable housing in Canada (www.sootoday.com)

submitted 1 week ago by Sunshine@piefed.social to c/canada@lemmy.ca

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[-] eatCasserole@lemmy.world 27 points 1 week ago

“All of that money doesn't go to the government agency,” Carney said. “It goes to private developers who are going to be building this out. So for those listening: If you're a developer on housing, this is going to be a great time."

So just more shoveling public money into big business, great. They're not even trying to be subtle about it anymore.

[-] grte@lemmy.ca 16 points 1 week ago

Carney is a believer in trickle down economics and the ongoing lie that private industry is fundamentally more efficient.

[-] Soup@lemmy.world 13 points 1 week ago

“Hey Carney, what if I’m trying to afford a house?”

“Who are you?”

[-] Sunshine@piefed.social 3 points 1 week ago

Liberal supporters who volunteered and donated in shambles.

[-] BCBoy911@lemmy.ca 12 points 1 week ago* (last edited 1 week ago)

Oh boy, more luxury condos for Carney's buddies at Blackrock to scoop up and sit on.

[-] MystikIncarnate@lemmy.ca 16 points 1 week ago

Politicians keep saying "affordable housing" then have zero scruples about selling a large portion of whatever housing they make, at bargain basement prices, to landlords.

I've seen this play before.

How about this, if any one person owns more than two "single family" dwellings, their property tax on the third property is 1000% increased... And add a zero for every additional property.

It won't fix the problem, but it will sure as shit make it harder for a handful of people to own a nontrivial percentage of the residences in a city.

[-] banana@communick.news 6 points 1 week ago

I agree. It is really hard to justify why a person might need 3 or more homes.

[-] MystikIncarnate@lemmy.ca 7 points 1 week ago

I know a lot of people have summer cabins and whatnot, so I wouldn't want to really crank up the costs until you have 3+.

I figure anyone rich enough for three homes for themselves can afford the extra costs, and anyone looking to buy a home as an income property will get fuckered.

At least, that's the idea.

If someone wants to buy one home for themselves and one to rent out, that's acceptable losses IMO. It at least limits how many homes are going to become rentals.

But I'm being silly. I'm addressing the underlying issue of people buying up all the affordable housing so they can rent it out at a premium... That's not what the government wants to do. They want to give money to their construction contractor buddies, who can give a small discount to their property management buddies who will buy up all the homes and rent them out.

Everyone wins in this situation.... You know, except the poors.

But who cares about the Poor's. They only pay for everything through taxes because the rich can afford to dodge all the taxes they would otherwise have to pay, and we have no wealth tax, so they're getting away Scot free, and the rest of the population is left footing the bill.

[-] twopi@lemmy.ca 3 points 1 week ago

I wish I can upvote this a 1000 times

[-] SaveTheTuaHawk@lemmy.ca 2 points 1 week ago

ok, but that will break the Ponzi scheme and crash the CDN economy.

[-] MyBrainHurts@lemmy.ca 15 points 1 week ago

Carney has made me, well, not optimistic but certainly less gloomy about my chances of buying a proper home.

Which is better than I've felt about it in almost 2 decades or so.

[-] MystikIncarnate@lemmy.ca 3 points 1 week ago

Let me say this, as an "elder" millennial. This isn't the first time government puppets have touted some plan for affordable housing.

You know what I've seen throughout all of those adorable housing plans? Prices going up, property sizes shrinking, materials becoming cheaper and less durable, houses becoming less unique.

So you "get to" buy a smaller home, that looks like every other home, that was built poorly and will need repairs sooner, and for all of this, you get to pay more for the "privilege".

I hope I'm wrong, but I've heard this song before.

The only way you will ever get an affordable home is when someone you know, who owns a home, dies, and leaves it to you in their will.

If that happens to anyone, my advice: take it, keep it, fix it, and never leave it. You'll only fuck yourself over if you do. I don't care how much the house is "worth" on the market. Never sell. It's literally the only way you'll own a home outright, without killing yourself with working overtime to afford it.

[-] MyBrainHurts@lemmy.ca 2 points 1 week ago

Hey fellow oldie!

I feel, the song is similar but much louder and more coherent this time. Harper really had nothing besides some mucking about at the margins, Trudeau tried a bit but like a lot of things he tried, didn't get all that much done. This one at least feels like a fairly coherent, federal through to municipal approach on the government side, with a bunch of private sector ideas.

That being said, I think the key is what you mean by affordable. I am hopeful they can lay the foundations to get housing back to something like just pre-pandemic (and hopefully just keep going!), which still wasn't great for many people. I'm lucky enough that I think I'd be okay to buy something I want in that scenario.

But overall, yeah I think housing standards are just going to be different for us than our parents and similarly, between us and the youngings coming up now. I live in Vancouver, it's almost doubled in size since 1990! The single detached houses a 10 minute bike ride from downtown that a middle class couple could easily afford? Probably not happening again.

[-] Rentlar@lemmy.ca 7 points 1 week ago

I'm cautiously optimistic, I'm glad to see ample ambition from the feds to get involved.

My main concern is we have no clear picture of what the government's idea of "affordability" they are aiming for.

[-] veeesix@lemmy.ca 6 points 1 week ago

I have a lot to brush up on, but I’m looking forward to the push for mass timber projects.

[-] streetfestival@lemmy.ca 3 points 1 week ago

This article from Sept 14th has more details: https://www.torontotoday.ca/national-news/build-canada-homes-aims-to-build-4000-housing-units-on-federal-land-carney-11210234

[-] SaveTheTuaHawk@lemmy.ca 3 points 1 week ago

If Carney actually gave a fuck about affordable housing, he would build multi bedroom apartments through a crown corporation, not the Vaughan Canadesi and then pay for it all through amortization on a co-op model. Co-ops work.

But this would threaten one of the world's largest Ponzi schemes, now capturing 80% of all the wealth in this country.