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A comment on Investors account for 30 per cent of home buying in Canada, data show. Parent comment

Re:Investors account for 30 per cent of home buying in Canad... by carom on Saturday September 09, 2023 @12:07PM (#37446945)
That would be so perverse if the government gave itself a monopoly on building housing. Just change zoning and make it legal for the private market to meet the need. Look at all the builders remedy projects in Santa Monica to see that this works.
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Re:Investors account for 30 per cent of home buying in Canad... by bugglebeetle on Saturday September 09, 2023 @12:42PM (#37447308)
Builders Remedy affect on the affordability of Santa Monica is so minimal as to be irrelevant.
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Re:Investors account for 30 per cent of home buying in Canad... by Dylan16807 on Saturday September 09, 2023 @12:50PM (#37447392)
What definition of "monopoly" are you using here...?
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Re:Investors account for 30 per cent of home buying in Canad... by carom on Saturday September 09, 2023 @04:20PM (#37449875)
It being illegal, due to restrictive zoning, for private parties to build at higher densities.
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Re:Investors account for 30 per cent of home buying in Canad... by Dylan16807 on Saturday September 09, 2023 @07:20PM (#37451273)
Oh, okay. I was confused because you said monopoly on housing, not dense housing.

Yes they should force more zones to allow dense housing too.

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Re:Investors account for 30 per cent of home buying in Canad... by CapstanRoller on Saturday September 09, 2023 @12:59PM (#37447490)
Sorry, the "private market" had a chance to fix the problem but instead chose to squeeze tenants harder and harder for decades.
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Re:Investors account for 30 per cent of home buying in Canad... by carom on Saturday September 09, 2023 @04:23PM (#37449910)
Housing is more or less maxed out with respect to zoning laws in a lot of places. Those come from the government. Rezone to allow higher density and people will build. It is functionally illegal to build more housing.
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Re:Investors account for 30 per cent of home buying in Canad... by CapstanRoller on Monday September 11, 2023 @03:19AM (#37463998)
Yes, because of NIMBYism. Existing property owners benefit from an undersupply of housing, so they lobby for restrictions in order to reduce competition which would drive down prices and rents.
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