Housing is at the root of many of the rich world’s problems (2020)

Re:Housing is at the root of many of the rich world’s proble... by fezfight on Wednesday August 17, 2022 @09:38PM (#32504163)

They had to add a tax to empty homes in Vancouver to try and recover some of the units lost to investors just sitting on them.

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Re:Housing is at the root of many of the rich world’s proble... by pas on Thursday August 18, 2022 @06:07AM (#32507449)

[citation needed]

A tax was established, yes, but was it reasonable to do so (was it reasonable to expect that it will do much) and did it do anything? It seems the answers are no to both those questions.

I think it's a good signaling tax though. (I'm 50-50 on the extra tax for foreign buyers. Ethically there shouldn't be any difference based on where one's passport is from, but practically of course there is.)

Anyway, the real problem is constrained supply. Vancouver is still a fucking suburb compared to dense cities.

https://www.youtube.com/watch?v=evYOhpjMql0

https://www.statista.com/statistics/960174/vacancy-rates-res...

https://www.cbre.nl/-/media/cbre/countrycanada/images/insigh...

https://vancouversun.com/business/real-estate/three-years-in...

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