Message from @Fondboy
Discord ID: 625868521964044288
@Fondboy 1) Reduce or eliminate zoning and streamline the permitting process to allow the building market to respond faster to price signals. 2) Eliminate rent controls and housing subsidies. 3) Bar non-residents and especially foreign investment firms from owning residential property. 4) Chill while the problem solves itself.
because it is an asset I believe
Your body is also an asset
it gains or losses value like a stock
Should you pay taxes on owning that, too?
a stock?
capital gains is bullshit
yes
I think he meant on your body m8
Oh look, something we agree on
but yeah, I meant on your body
Anyway unceph solved it
^
except the foreing investment yea I agree with him
Foreign investment is what is fucking BC housing the most
And it's also often laundered money
Here it's a combination of that and mental illness/drug use
Everyone should just appoint me God Emperor guys. I'll get it done.
Yeah, laundered renminbi
The closer the geographical area, the smaller the available pool of speculators and therefore the less of any given housing stock can be held off the market.
the end result, as well
Once the property is sold, logic dictates it's more likely the profits will go into canadian hands
If it's to a foreign investor, well...
the only reason they bought that investment is because they had CAD they needed to use in Canada
I already said tax or make speculation illigal
You can't just ban speculation. Too many knock on effects.
But taxing foreign investors more heavily wouldn't be a bad option.
do you care if the houses are being rented out
No, that's a productive use.
ok
A rich Canadian would be spending and paying taxes here for one. For another, it reduces the number of rich people in the market
And no, they buy it because they launder money here lol
They use our casinos to process dirty money and then use that to buy property in a high value market
The issue will forcibly resolve itself eventually though, as people will just leave the GVRD
And they have been
The other thing about real estate is that if the locals decide to re-appropriate it, there's pretty much nothing foreign owners can do.
Jordan Petersons daughter is a legit HBB
Would give her 12 rules nahmsayn