Re:Canada bans most foreigners from buying homes
by MonkeyMalarky on Monday January 02, 2023 @09:05PM
(#34226620)
The plethera of shoebox condos in Toronto attest to this fact. Then people wonder why birth rates are so low when the only options are having a baby while living in a 1 bdrm condo with a galley kitchen, or moving hours away from your job.
Re:Canada bans most foreigners from buying homes
by philliphaydon on Monday January 02, 2023 @09:11PM
(#34226675)
I honestly donno a lot about the US and it’s “projects”, but my understanding is large blocks of units in the US or the west tend to be built and left to rot.
Other than Singapore are there any blocks of units that don’t get run down over time and left to rot? (Seriously question as I’m curious)
Re:Canada bans most foreigners from buying homes
by MonkeyMalarky on Monday January 02, 2023 @09:13PM
(#34226690)
Cooperative housing where the tenants are the owners.
Re:Canada bans most foreigners from buying homes
by llampx on Tuesday January 03, 2023 @04:01AM
(#34229410)
Every city in Europe?
Re:Canada bans most foreigners from buying homes
by josho on Tuesday January 03, 2023 @12:28AM
(#34228045)
Oh 100 units are still built. But they are sold as condos targeting upper middle class as those are more profitable for builders to sell. And these are not affordable for many.
We need policy that requires mixed units. Some for the affluent, some for service workers, etc.
Is that true? I'd imagine building a big block of, say, 100 units to be far more capital efficient than building a few freestanding homes, if zoning laws allowed it.