Because its a limitation of personal property rights and freedom. Why can’t I as a property owner turn my single family home into a ground level cafe/bakery with 4 units above if I have the capital? It’s a government overstep that limits our supply, artificially increasing demand and cost, and gets in the way of entrepreneurship. Having relative freedom over property usage was only something recently taken away in the last 80 or so years due to racist white flight to the suburbs.
While populations hasn’t tripled in the last 5 or so years, we are experiencing growth pains that investors and speculators are taking advantage of limited supply, and relying on the fact we will have limited supply for some time to come as long as the zoning stays as the status quo.
Cramming people into tiny apartments is not a solution to this problem. Clawing back all the property that’s been gobbled up by “investors” over the last few years, and then selling it at a reasonable price to people who will actually live in it, is a solution to this problem.
And spare me your complaints about “entrepreneurship” and “government overstep”. There’s nothing innovative about house hoarding and rent seeking.
Every working family should have the ability to own a house with a yard for the kids to play in, as my family did when I was young. That’s the minimum acceptable standard of living for a developed nation. Not being packed like sardines into tiny apartments. This is not the Soviet Union.
Then why did real estate prices skyrocket only in the last few years? Why do they affect multi-family housing equally? I’m paying nearly USD2000 per month for one apartment in a building with dozens. 15 years ago, I paid only USD725 per month for a larger apartment in the same area.
Land scarcity is not the problem. It’s a distraction from the problem, no doubt perpetuated by the people causing the problem. Stop letting them deceive you.
And no, there’s nothing comfortable about living under the tyrannical whims of a building manager and not being able to let your pets roam outside. That is a dramatic decrease in quality of life, it is not necessary, and it is not acceptable.
Because its a limitation of personal property rights and freedom. Why can’t I as a property owner turn my single family home into a ground level cafe/bakery with 4 units above if I have the capital? It’s a government overstep that limits our supply, artificially increasing demand and cost, and gets in the way of entrepreneurship. Having relative freedom over property usage was only something recently taken away in the last 80 or so years due to racist white flight to the suburbs.
While populations hasn’t tripled in the last 5 or so years, we are experiencing growth pains that investors and speculators are taking advantage of limited supply, and relying on the fact we will have limited supply for some time to come as long as the zoning stays as the status quo.
Cramming people into tiny apartments is not a solution to this problem. Clawing back all the property that’s been gobbled up by “investors” over the last few years, and then selling it at a reasonable price to people who will actually live in it, is a solution to this problem.
And spare me your complaints about “entrepreneurship” and “government overstep”. There’s nothing innovative about house hoarding and rent seeking.
Every working family should have the ability to own a house with a yard for the kids to play in, as my family did when I was young. That’s the minimum acceptable standard of living for a developed nation. Not being packed like sardines into tiny apartments. This is not the Soviet Union.
We can’t keep bulldozing farm land and natural ecosystems to build tax payer subsidized, non eco friendly single family suburban homes anymore. Families can live and do live very comfortably in missing middle sub 6 story low rise duplexes, triplexes, townhomes, and multiplexes. All of which can be built up on existing property at the will and freedom of property owners. https://www.canadianarchitect.com/editorial-finding-the-missing-middle/
Then why did real estate prices skyrocket only in the last few years? Why do they affect multi-family housing equally? I’m paying nearly USD2000 per month for one apartment in a building with dozens. 15 years ago, I paid only USD725 per month for a larger apartment in the same area.
Land scarcity is not the problem. It’s a distraction from the problem, no doubt perpetuated by the people causing the problem. Stop letting them deceive you.
And no, there’s nothing comfortable about living under the tyrannical whims of a building manager and not being able to let your pets roam outside. That is a dramatic decrease in quality of life, it is not necessary, and it is not acceptable.