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A comment on Baby boomers are becoming homeless at a rate not seen since the Great Depression. Parent comment

Re:Baby boomers are becoming homeless at a rate not seen sin... by adra on Monday September 25, 2023 @10:34AM (#37644470)
Come tell that to the residents of Vancouver. We've had countless luxury condos made year after year for two decades and we're at around 3k/mo for a 1br.. tell us more about how building units that "regular" people can never afford that it's always helping them.
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Re:Baby boomers are becoming homeless at a rate not seen sin... by JumpCrisscross on Monday September 25, 2023 @11:04AM (#37645021)
> tell that to the residents of Vancouver. We've had countless luxury condos made year after year

Developing in Vancouver is outrageously expensive. Its voters chose a lengthy approval process for new housing. High housing costs are a political choice.

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Re:Baby boomers are becoming homeless at a rate not seen sin... by bombcar on Monday September 25, 2023 @11:05AM (#37645044)
It's like induced demand, but for houses! "Just one more house!"

At some point the market would flood and there wouldn't be as much demand anymore, but if every single person in Canada wants to live in Vancouver everyone is in for a world of hurt until Vancouver has 30 million dwelling units.

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Re:Baby boomers are becoming homeless at a rate not seen sin... by coryrc on Monday September 25, 2023 @11:24AM (#37645357)
Your population is booming. You're not building as much as you think you are.
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Re:Baby boomers are becoming homeless at a rate not seen sin... by adra on Monday September 25, 2023 @03:23PM (#37649201)
A little bit dated (probably by a year) https://www150.statcan.gc.ca/n1/daily-quotidien/230613/dq230...

The building of dwellings has outpaced immigration so that alone is unlikely a silver bullet.

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Re:Baby boomers are becoming homeless at a rate not seen sin... by onepointsixC on Monday September 25, 2023 @02:35PM (#37648503)
Where exactly do you think the people who afford those luxury condo live right now? In the woods? And just because "countless" have been built doesn't meant that there have been enough to meet demand.
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Re:Baby boomers are becoming homeless at a rate not seen sin... by rendang on Monday September 25, 2023 @04:22PM (#37650057)
Canada also has one of the highest immigration rates in the world
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