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How specifically will you increase the use of missing middle housing when that power is often left to municipalities ?
https://www.amazon.ca/House-Divided-Missing-Torontos-Affordability/dp/1552453863
Also.. will you attempt to raise interest rates or encourage the BOC to do so in order to cool down the market?
I'm an urban planner who is interested in real estate metrics and land use so curious to hear your opinions.
Haven't read it but have heard Cooper interviewed on some podcast or other.
On the one hand it seems so extreme. Our political and business leaders just sold out the country like that? It goes so far beyond the baseline shadiness and self-serving that we usually associate with such leaders.
On the other hand, it makes a hell of a lot more sense that something like that is going on because the economy is seriously NOT working for the average Canadian, to a really weird extent. So many people, especially those under 40, are struggling to build a decent life for themselves despite doing everything right. Something's not adding up between the mainstream understanding of how our economy works v. what people actually experience.
One thing I'd add is that it's not just China. Whatever shady shit is going on between Canada and China, it's not the whole story. It's also about governments serving the transnational capitalist class - TCC - (which has many Chinese members). I think that is a more useful way of looking at things instead of getting in a twist about China only.
This is a good book to get started on learning about the TCC:
https://www.amazon.com/Into-Tempest-Essays-Global-Capitalism/dp/1608469662
Hi Albertan! This is a good point. There is some plausible relief for homebuyers in remote work. A few questions. How is the internet? A lot of places that could host more Canadians have bad internet. That's a top priority in fixing housing.
The other thing to consider is people typically want to stay somewhat close to family and friends. Uprooting and starting a new life across the country is daunting for a lot of people. Sure they could do it, but the result for some will be loneliness, isolation, and perhaps a fallout of other mental health and social issues we can't quite predict. (Also, for homeowners who recommend this as an easy fix... don't you want to see your own children and grandchildren?)
But that's a stick-in-the-mud answer and you're right, more people should move if they want to. I'd prefer a version of Canada where that wasn't their only option, is all.
Check out this great book, "IF you lived here you'd be home by now," on exactly this idea, from a publisher who moved from Washington to Minnesota and started a new life with his family and knew nobody. It's quite a journey and an amazing read.
Having looked at Australian data, I also suspect that money supply plays a big role in housing prices as you suggest here.
It would be more work, but taking a few extra steps might convince more people of the existence of causation.
For causation to be established, you need at least:
- To show correlation
- To show that A happens before B (temporal precedence) and
- To give a reasonable explanation
It seems here you've made steps to show correlation. For simplicity, I might simply leave the Japan data aside for now (not least because it invites comments on how the two countries can't be compared) and overlay the Canada money supply data with Canada housing price data to make it very clear how well the two correlate.
To show temporal precedence, it would be ideal if in the above graph you had to shift one slightly to "match" the two - if it's housing prices that need to be shifted back, then it's pretty strong evidence. If the two happen at the same time (you get high correlation without shifting), then it may be worth it to zoom in on the data - perhaps the "time lag" is only of a few months so it doesn't register at the annual level.
I think you probably can explain why money supply affects housing prices.
If you need some traditional academic backing to give your view more credibility, you can look into Josh Ryan-Collins work. His book Why Can′t You Afford a Home? seems to be a more layperson entry into his explanation: essentially that unlimited money + limited land = unlimited prices
Or the Dictator’s Handbook of you want a long version with sources and more discussion on how to counter the depressing truth of it.
Simple, get a kettle, a bucket and one of these. Boil 2-3 kettles of water, pour it in the bucket, then add cold water to make it warm, stick the pump in and flick on the switch. presto. hot/warm showers.
I purchased the 40 watt quiet cool solar panel.
It’s only sold in the states, so I paid 180 extra for shipping from Amazon.
I'm in vancouver. This the guy? Motherfucker has a book? It looks like the slimy grin you're describing. https://www.amazon.ca/Closing-Deal-Sinclair-Real-Estate/dp/B07142XDJW?ref_=d6k_applink_bb_dls&dplnkId=3f775b56-860c-454e-8dcd-da6ba018207a
Or perhaps this one - though not 100% the same - was a good one my Dad always had around fix or repair anything Specifically this showed him how to fix most all major appliances and how to maintain them as well.
Lastly - somethings you just have to live and learn as you go.
Apparently there is one for millennials. Not specific for Canadians though I don't think! https://www.amazon.ca/Hasbro-E4989-Monopoly-for-Millenials/dp/B07K2SYDJ1/ref=asc_df_B07K2SYDJ1/?tag=googlemobshop-20&linkCode=df0&hvadid=293040389482&hvpos=&hvnetw=g&hvrand=15265667000195741520&hvpone=&hvptwo=&hvqmt...
This is humiliating and it has been for a while now, but we are actually doing something about it over here.
I mean, on top of writing books about it.
> The food production per unit of land is higher with agriculture than as hunter gatherer society.
Until it isn't. Soil depletion and degradation are major issues, erosion, salinity, dust bowls. Agriculture messes up local ecologies. Many, many societies in history have collapsed because their agricultural lands were in bad shape.
Here is one book about that kind of stuff:
https://www.amazon.com/Forest-Journey-Story-Wood-Civilization/dp/0881506761
> historically been a financial, social and urban planning disaster in every city
Holy shit this part... "ghettos" in the US were a result of the government "clearing slums" ie bulldozing formerly mixed use walkable black neighbourhoods for highways out to new white suburbs. Then cramming tens of thousands of former residents into "tower in a park" style poorly designed and sterile buildings.
Then cutting funding completely and letting the buildings fall apart. White flight via the new highways put the nail in the coffin.
Public housing has (sometimes) been a social and urban planning disaster due to government policy. Do these guys never open a history book?
Yup, and it's very doable except for the issue of City Planning and NIMBYism.
For example, a typical new to 20 year old condo in Toronto sells for $900 to $1100 PSF.
This compares to SFH in Toronto in average to great neighborhoods (excluding rich neighborhoods) including brand new McMansions of $400 to $600 PSF. Do the math! I include basement in my calculation since basement square footage counts if you have kids!
Missing Middle is 100% economic and can be half price compared to condos and you get better access to parks, land and schools.
Product Description
A citizen's guide to making the big city a place where we can afford to live. Housing is increasingly unattainable in successful global cities, and Toronto is no exception - in part because of zoning that protects "stable" residential neighborhoods with high property values. House Divided is a citizen's guide for changing the way housing can work in big cities. Using Toronto as a case study, this anthology unpacks the affordability crisis and offersinnovative ideas for creating housing for all ages and demographic groups. With charts, maps, data, and policy prescriptions, House Divided poses tough questions about the issue that will make or break the global city of the future.
It is possible.
Research "Yellow Belt"
Buy this book "House Divided: How the Missing Middle Will Solve Toronto's Affordability Crisis" https://www.amazon.ca/dp/1552453863
Canada Is Running Out of Land. It Does That Every Few Years https://betterdwelling.com/canada-is-running-out-of-land-it-does-that-every-few-years/ Running out of land is as Canadian as hockey, maple syrup, or laundering money for global crime networks. In fact, Canadians love running out of land so much, they do it every few years