Housing

Lastpointe

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Just spoke to a friend whose daughter lives in Brooklyn. Pays $3500 a month rent So I guess it could be worse
 
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Just spoke to a friend whose daughter lives in Brooklyn. Pays $3500 a month rent So I guess it could be worse
It could be, but it should never be that bad. Again, are people supposed to die on the street if market wages don’t match the cost of market housing? Because that’s what’s happening. And it could happen to any average person who doesn’t have a silver spoon to fall back on.
 

Mendalla

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Problem is the problem is here now and needs immediate attention, so sometimes while things are being thought through a temporary solution is required.
And we don't want that to produce long term pain for short term gain, else we are right back where we started in a few years.
 

Mendalla

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Just spoke to a friend whose daughter lives in Brooklyn. Pays $3500 a month rent So I guess it could be worse
One of the reasons Little M plans to avoid working in Silicon Valley or the Bay Area even though pay for comp sci and comp eng grads is really good there is that housing costs have gone berserk.
 

GiancarloZ

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I am totally against the regulation or control of rent rates. The most obvious result is a lack of interest of investors in building rent complexes, and a lack of incentive to update or even take good care of the existing ones.
The best answer in this case is public policy focusing on people who cannot pay the market rent. Complementary or social rent payments have been proven better than government built/run complexes (which demand much more time and money than simply giving people money, and can end up being a mess and ruining operations of nearby complexes).
 

Northwind

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I've wondered if it is feasible for a single person to buy a cheap older winterized trailer and park it on an all year round lot in BC? Or are the 4 season lots hard to come by? And would they be on bus routes or too far out of the city?

People are doing that. Two parks we know on the island have rules where you can only stay 8 months. I thought it was a city by-law, even though one park is outside the city. Apparently it is provincial. I want to check that out.
 
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I am on a social housing list but I don’t feel that they are safe places to live. They are also ghettoized and i’m against that. I really miss my old mixed demographic mixed income neighbourhood in Vancouver.
 

GiancarloZ

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I am on a social housing list but I don’t feel that they are safe places to live. They are also ghettoized and i’m against that. I really miss my old mixed demographic mixed income neighbourhood in Vancouver.
That's the thing. When people are given money instead of a social housing complexes, you have way more democratic and interesting neighbourhoods.
 

Mendalla

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I am totally against the regulation or control of rent rates. The most obvious result is a lack of interest of investors in building rent complexes, and a lack of incentive to update or even take good care of the existing ones.
The best answer in this case is public policy focusing on people who cannot pay the market rent. Complementary or social rent payments have been proven better than government built/run complexes (which demand much more time and money than simply giving people money, and can end up being a mess and ruining operations of nearby complexes).
I think I like this in principle, but it creates a huge budget headache since you're going to have to forecast the rental market with some accuracy to be able to make sure you have enough money in revenues or reserves to cover increases. It would also have to be administered locally even if funded provincially, since rental markets vary so much. An amount that is enough for London won't get you much in Toronto and an amount set based on Toronto is probably overkill for here.

Still, I like it in principle and most of that is just getting the details right.
 

GiancarloZ

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I agree it must be locally-managed, and I think it should be funded equally by the 3 spheres.
Regarding the difficulty to forecast the rental market, this is a problem, indeed, and there will always be some degree of inaccuracy. That happens with the Bolsa Familia (family 'bursary') in Brazil, which is paid to low-income families. It is readjusted according to multiple indexes, and obviously only can be readjusted after the variation has already happened. But it has been working.
 

Luce NDs

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My daughter attended Simon Fraser for 2 years and was astounded how many eastern folk lived in the woods so as to be able to afford and education. Stranger than fiction ... rite?

Hoo Dath Ought it ... nothing?

Desocialization ... is best for breaking up networking for the benefit of positive powers of protons! Thought is based on electrons ...
 

ChemGal

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I personally think there should be stricter rent controls....I'm surprised there hasn't been an uproar about this.
Right now in Ontario if someone moves out of an apartment and they were paying $950/month, a landlord can then rent out that same apartment for $1400-1500 plus...it's basically whatever the market will bear. The only guideline and restrictions that are in place are for someone who is currently renting and how much their rent can be increased per year.(1.8%/yr)
I've also heard of bidding wars...if a landlord is asking $1000/month, and 300 people apply, someone may offer 1200-1400/month in order to secure an advantage in getting the apartment.
Scarcity has created a dire situation for those seeking a home and an opportunist situation for a landlord.
From everything I've seen rent controls just encourage slum landlords more. Mortgages are expensive too. Repairs cost.

I think a better answer is stricter rules regarding legal suites - improve the safety aspects (and cleanliness is a safety issue when it comes to things like mold). Get more subsidized housing.
 

Luce NDs

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From everything I've seen rent controls just encourage slum landlords more. Mortgages are expensive too. Repairs cost.

I think a better answer is stricter rules regarding legal suites - improve the safety aspects (and cleanliness is a safety issue when it comes to things like mold). Get more subsidized housing.
Can subsidized housing be made efficient by cutting corners? Round houses proliferate as bores --- Frodo!
 

ChemGal

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I think that one of the downsides is that the downtown cores of big cities have become areas where only the wealthy live. Everyone else commutes from small towns for an hour or two.
Not true right now for condos in Calgary. People are throwing in incentives to try to get people to buy or rent.
 

Waterfall

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From everything I've seen rent controls just encourage slum landlords more. Mortgages are expensive too. Repairs cost.

I think a better answer is stricter rules regarding legal suites - improve the safety aspects (and cleanliness is a safety issue when it comes to things like mold). Get more subsidized housing.
I can usually spot subsidized housing a mile away..
Most landlords have owned for awhile and bought low...same with builders, the land they build on was probably purchased years ago in a low market. They have wiggle room for mortgaging.
Most investors just worry about their CAP rate or ROI....its business IMO
 

BetteTheRed

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Another housing option that should be bigger? Habitat for Humanity. I'd also like to see more flexibility/encouragement of tiny homes/permanent modular homes. Much of the trouble caused by bans on "permanent/mobile housing", like insulated parked trailers comes from municipalities.
 

BetteTheRed

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I like to think of housing as being a pretty primary human right, more than a business. I treat my own unit that way. I haven't LOST money, net, although I've had a pretty insignificant ROI on it over the years due to a couple of expensive problems.
 
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I put out a "seeking" ad. I was very open and honest about my circumstances, but positive, and tried to be a bit funny...to be myself. I figure if I can't find a place this way, I will leave this town. So far out of over 100 views I got 2 replies. One was a couple renting a fairly new 47 ft trailer in the boonies. Lovely scenery out there but I don't think it's very accessible to downtown by transit. The other was a female a bit younger than me living on her own in a 2 bedroom condo partly vacated by her ex. The problem is I got the two replies from the site in a row. I replied to the trailer owners first thinking that was who I was replying to. Lol. I got a quick email from the young woman right away, just as I was emailing her noticing my error and leaving her a proper reply. I haven't heard from her again, yet.
 
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