In this community, we believe in saying yes to:
Typical YIMBY policies include:
Typical housing crisis "solutions" YIMBYs are wary of:
YIMBYism transcends the typical left-right political divide; please be respectful of fellow YIMBYs with differing political views. That said, please report anyone saying anything hateful or bigoted.
In the absence of a flair system on lemmy yet, let's try to make it easier to scan through posts by type in here by using tags:
Additionally, it is preferred (although not mandatory) to post a brief submission statement in the body of link posts. This is just to give a brief summary and/or description of why you think it's relevant here. Hopefully this will encourage more discussion in this community.
The op-ed doesn't discuss the other insidious effect of a housing bubble: instead of investing in businesses that can create new jobs, people invest in their real estate, further inflating prices.
We really need to take money out of the real estate sector by removing tax incentives that convince Canadians that their best investment is their home.
Agreed 100%. Upzoning and land value tax would do so much to change the underlying incentive structure. Housing ought to be a consumer good like any other, not a speculative investment or a retirement plan. The fact we became convinced that simply possessing an asset should be our primary means of wealth accumulation is one of our great societal mistakes that we're now paying the price for.