Long story short - yeah, we need to build more homes - but not using laissez-faire capitalism. As far as I can see in my lifetime that hasn't worked. Large scale socialized row-housing developments are what I'd like to see tried next.
Long story short - yeah, we need to build more homes - but not using laissez-faire capitalism. As far as I can see in my lifetime that hasn't worked. Large scale socialized row-housing developments are what I'd like to see tried next.
And renter protections and limitations on rent increases are fairly strict in BC, which discourages the building of apartments. If you dropped the rent control, developers would be more likely to build apartments, with the possible result that rent might go down.
And having said that, rents are actually pretty low in Vancouver. When I moved down to Seattle from there, my rent went way up, in spite of the fact that housing was way more expensive in Vancouver at the time (2011). Last time I checked, that remained true: rent for a fancy downtown 2-br apartment in Vancouver was about $2k Canadian, equivalent in Seattle was over $2.5k USD.
Look to Tokyo for a city that eliminated zoning and rent controls, and is surprisingly affordable for a huge international city. You'll never see it on a cost-of-living list with Vancouver, New York, Paris, Sydney, etc.
Ever been out east? Row housing is dense, but has a yard and is suitable for families in a way that a condo can never be.
> If you dropped the rent control, developers would be more likely to build apartments, with the possible result that rent might go down.
We're BARELY rent controlled. Kick your tenant out and find a new one, boom you can double the rent. Technically illegal, but done constantly. If you really want to make it legit you can do a minor reno.
> rents are actually pretty low in Vancouver
Unfortunately I can't live in Seattle, and that seems like a disingenuous apples-to-oranges comparison. Because of the border/citizenship issue, those are separate markets. https://bc.ctvnews.ca/vancouver-s-rental-rates-are-the-highe...
My understanding is that it's fantastically hard to evict a tenant in BC. I've heard stories of landlords taking a year to evict a tenant who wasn't even paying his rent anymore, and destroying the apartment in the process. Though I guess most people will leave when asked. And from what I remember, annual rent increases are capped at 4% or something? The first 3 years I lived in Seattle, my rent went up 50%.
Basically, though, rents aren't bad in Vancouver, and that's the most critical aspect of housing. People can afford to live there. The situation could be easily improved, especially regarding housing ownership...by encouraging more building.
> Basically, though, rents aren't bad in Vancouver
Your argument seems to be “it’s worse elsewhere so quit complaining. I’ll remind you, this is the least affordable rental city in canada.
Row homes aren’t very land efficient and there aren’t any cities in the US or Canada where it would be financially feasible for governments to buy up enough land around cities to build enough row homes to meet demand. People who propose things like this never seem to remember that western governments can’t just take land from people who own it.
https://en.wikipedia.org/wiki/Eminent_domain
> Row homes aren’t very land efficient
But a lot more so than single-family homes.
There’s no politically realistic future where governments could build enough row homes to house the poor in places where there is economic opportunity. The land is too expensive, and trying to wrench it away by force of law would die in the courts or the ballot booth. This is a hopelessly utopian idea.
Markets are great at producing lots of cheap stuff, we could let housing work the same way.
Some politically realistic futures where this kind of thing had widespread support:
https://en.wikipedia.org/wiki/Cuban_Revolution https://en.wikipedia.org/wiki/October_Revolution https://en.wikipedia.org/wiki/Chinese_Communist_Revolution
> This is a hopelessly utopian idea
I'd argue that "let's keep doing markets despite the suffering we see around us" is a hopelessly dystopian idea, but...
No one is saying let’s keep doing markets”. The article and many posts like mine are arguing that building new and more dense housing has been illegal in most of the US for decades, which has lead to a housing shortage. We should make it legal to build more housing, so that the market can build more housing.
I’m not wholly opposed to some public housing, but it needs to be carefully financed and well maintained.
But ok back to your point: so market capitalism works - but in housing we haven't had markets because of gov interference. So what's an area where we have a free unconstrained market for a basic human necessity, that doesn't cause deep deep suffering?
Food, water, housing, heathcare, safety - these are things that when solved by "the market" necessarily exclude a small but significant portion of people. Market capitalism is the wrong tool for basic needs. Prove me wrong ;)
There are certainly issues in places with access to fresh food and we need to better maintain plumbing in some cities. Those are more complicated issues though and involve culture and government.
> 45 million Americans rely on stipends from the Supplemental Nutrition Assistance Program (SNAP) to buy food each month
Yes, we have a lot of food here, but in a pure market, without money you don't get any of it.
Water is almost 100% public.
I think most people in the "we built, but prices didn't come down" underestimate the scale of the problem. The (Canadian) population of peak homebuying age (20-40) exceeds the population of peak die-off age (65-85) by about 6 million. If people are still coupling up (not a guarantee these days of later marriage), that's about 3 million homes needed. Vancouver is about 5% of the population of Canada, so assuming no migration to the cities (also not true), that's about 150,000 new housing units. How many were actually built in 2020? 8000.
The city basically needs to get bigger by about 50%, and this needs to be repeated across most of the hot cities in the developed world. What would that even look like? Vancouver, Seattle, Portland, and the Bay Area are basically land-constrained; for them to grow 50% bigger over a decade, you either need a lot of highrises, or every SFH needs to be converted to a duplex.
Developer friendly maybe by comparisons to other place. But probably enormous by absolut value anyway. As an anecdote, I just googled custruction regulation in BC. So to just get access the build code, it costs 140$ dollars :).
I'm tempted to believe as in most western countries, there is an enormous amount of regulation permiating ever tiny aspect of construction process: from zoning, labor regulations, to enviromental restriction etc.. Not saying this is not needed, just pointing out that for many it might be a blind spot since all this regulation is taken foregranted...
FWIW, I find the zoning argument to be the most persuasive if your goal is to make housing more affordable. If you have other goals, including a transit-friendly city, bike-friendly city, "green" city, etc then it will definitely not be optimal.