Re:Canada bans most foreigners from buying homes
by katbyte on Monday January 02, 2023 @07:59PM
(#34226100)
crazy fact about Vancouver: 85% of residential land is zoned SFH
Re:Canada bans most foreigners from buying homes
by dionidium on Monday January 02, 2023 @08:24PM
(#34226305)
I think the even crazier fact that explains the housing crisis is that the perception in Vancouver is that the city allows tons of new housing. If you ask residents, they'll tell you all about how much the city has changed. People are naturally conservative with respect to their immediate environment.
Re:Canada bans most foreigners from buying homes
by QIYGT on Monday January 02, 2023 @08:40PM
(#34226439)
Same in NYC which has been creating ~3x more jobs than homes in recent decades.
Re:Canada bans most foreigners from buying homes
by asdff on Tuesday January 03, 2023 @03:51AM
(#34229347)
In SF the ratio is like 7 jobs per unit of housing built, its really really bad
https://sf.curbed.com/2017/7/26/16040938/san-francisco-jobs-...
Who sits on these boards, lobby, and vote on zoning regulations? Homeowners in the area.
The first thing that happens when a company announces a new building projects, is that they get deluged with protests from the neighboring homeowners. Sometimes this process will take years and years - there's no worse sin than taking away sunlight from neighbors, "visual pollution", and what have you.