Re:Canada bans most foreigners from buying homes
by arcticbull on Tuesday January 03, 2023 @11:38AM
(#34233752)
> If they added a quarter million homes, do you think they would still be short another quarter million homes?
Not in this market, haha. The number was based on the quantity of houses added vs the quantity of jobs added in SF and the surrounding area. [1] But over time? Maybe.
> Apartment prices in dense cities don’t drop?
There are very few cities where supply of housing is allowed to meet demand for housing - but Japan federalized zoning, so every Japanese city counts. Japan hasn't seen an increase in the cost of housing since 1995. [2] Compare to the US. [3]
Not in this market, haha. The number was based on the quantity of houses added vs the quantity of jobs added in SF and the surrounding area. [1] But over time? Maybe.
> Apartment prices in dense cities don’t drop?
There are very few cities where supply of housing is allowed to meet demand for housing - but Japan federalized zoning, so every Japanese city counts. Japan hasn't seen an increase in the cost of housing since 1995. [2] Compare to the US. [3]
[1] https://en.wikipedia.org/wiki/San_Francisco_housing_shortage
[2] https://fred.stlouisfed.org/series/JPNCPIHOUAINMEI
[3] https://fred.stlouisfed.org/series/CPIHOSNS