People talk about the housing crisis, not the rooming crisis. As well, aren’t shared homes under different laws already? So all of those room renting examples aren’t in the same boat as homes.
I know that in Ontario, we count LTC beds as homes…but we can be a little bit more honest here.
If people are buying properties to hold them vacant for 5-10 years, then we have other problems. And like I said, we could tax that vacant home. And if it’s a big enough problem, we could pull in all that tax money and use it to build more housing.
And I know that some people buy housing to rent it out, but some people buy housing to live in. And some of those people are buying brand new houses or condos…to live in. So there’s still a market for buying new housing, and even if we can’t build it with tax dollars, there would be someone who’d be interested in building units to sell to that market, even if it’s not all investors.
People talk about the housing crisis, not the rooming crisis. As well, aren’t shared homes under different laws already? So all of those room renting examples aren’t in the same boat as homes.
I know that in Ontario, we count LTC beds as homes…but we can be a little bit more honest here.
If people are buying properties to hold them vacant for 5-10 years, then we have other problems. And like I said, we could tax that vacant home. And if it’s a big enough problem, we could pull in all that tax money and use it to build more housing.
And I know that some people buy housing to rent it out, but some people buy housing to live in. And some of those people are buying brand new houses or condos…to live in. So there’s still a market for buying new housing, and even if we can’t build it with tax dollars, there would be someone who’d be interested in building units to sell to that market, even if it’s not all investors.