05-15-2022, 08:25 AM
(05-13-2022, 06:50 PM)bravado Wrote: I think the free market relies on the selfishness of developers... Which we then purposefully interrupt with excessive zoning and requirements. I iknow this is a simple argument that's been made plenty of times, but this tweet is the same as my opinion on this:
https://twitter.com/patio11/status/939581079328919552
There should be only so much demand for luxury condos, but since there is no supply of low and medium housing, only luxury condos find customers. Any fees we extract from developers will just be extracted from all of us in the end.
From the Japanese model quoted in this tweet, what is the ratio of housing built by public agencies (eg Toronto Public Housing) vs non-profit corporations (eg SHOW, Habitat for Humanity) vs private corporations (eg everyone else)? As long as the current trend to build "luxury housing aimed at high end clients and/or investors" persists, I'm not convinced that the "just build more housing everywhere and let the market decide" model could easily be implemented here.