this post was submitted on 12 Mar 2024
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[–] garbagebagel@lemmy.world 7 points 8 months ago (2 children)

Near me there are TONS of empty places, the developing is not the issue. Nobody can afford them. Hell I don't even own and the place next to me sat empty for 3 months because it was going at an absurd rent for the size.

[–] some_guy@lemmy.sdf.org 4 points 8 months ago

Why would I build affordable housing? That just invites the poor. /s

There are a bunch of new apartments in my city's downtown (USA). They're all premium spaces. I can afford a spot, but I doubt most can.

[–] healthetank@lemmy.ca 1 points 8 months ago

I agree that's part of the problem, but see my comment below. Stats show we have an all time low for housing:people compared to our past and compared to most other western countries.

To fix it, for sure we need scaling property tax rates and higher empty/vacant housing taxes, but my point is that even if we forcibly removed 2nd or 3rd houses from every single person/corporation, as well as taking any empty/vacant housing, and distributed it, we still wouldn't have enough to be on par with our historical rates OR other western nations