Quote:
Originally Posted by westopher
I'm for extreme measures. No one should be able to own more than 3 homes. No corporations should be allowed to own any homes unless rentals. I don't care. Tank the value of my home. I live here, so I sure as shit don't care.
Housing shouldn't be a commodity.
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Then you will have a economy downfall for years and years 10+ years. Think about how jobs/job sectors and directly or indirectly that relies on real estate. Sure tank the value of homes you also tank the economy along with job employment.
Take one good at Winnipeg. Sure housing is super cheap there you literally buy a mansion with 400k but you don't see people flocking their way there. It sucks there. There aren't much employment. Heck their whole DT is like 2 streets and that's it.
Housing only becomes a commodity when people can't even afford to rent. Which is not happening. Accept the fact Vancouver is changing. I hear people always complain Vancouver is a boring city with nothing to do. Well is becoming more and more fun with more restaurants, more to do, more attractions all these comes with a price, which put Vancouver on the map for investment. Unless of coz you want Vancouver to blast back to lates 80s and the 90s where literally after 9pm you have nowhere to go. All the fancy restaurants you like or try are gone.
You think Vancouver housing is bad? Check out other cities around the world and you will realize our real estate is still cheap here. Just because you are born here doesn't give you more rights than others. Don't like the fact you can't own? Make changes to your life. Buy farther away from the city, share a rental unit with friends to cut cost down, get a 2nd part time job, spend less. There is always a choice but I guess that's too much to ask.