• justhach@lemmy.world
    544·
    1 year ago

    Just a reminder that when given the choice of building afforable housing or paying a fine, every single developer in Montreal elected to pay a fine.

    Developers. Can. Not. Be. Counted. On. To. Fix. The. Housing. Crisis.

      • ILikeBoobies
        141·
        1 year ago

        If the fine is less than the profit then it’s the cost of doing business

        • psvrh
          3·
          1 year ago

          If the fine is tax-deductible, it’s even better!

    • Nouveau_Burnswick@lemmy.world
      12·
      1 year ago

      This isn’t necessarily that bad, I think the city just wasn’t ready to step in and build them themselves with the funds.

            • Nik282000
              3·
              1 year ago

              Ronald Reagan’s economic policies, dubbed “Reaganomics” by opponents, included large tax cuts and were characterized as trickle-down economics.

            • LeafOnTheWind@lemmy.worldEnglish
              1·
              1 year ago

              Trickle down economics was not a joke to Reagan (publicly anyway). His plan called for massive tax cuts to the rich so their growth would “trickle down” to everyone else through more jobs from business expansion.

              A remarkably stupid idea that has only worked out for the rich…

      • Kichae
        3·
        1 year ago

        Yes, of course! If we just build luxury housing for the rich, the rich will just vacate their current luxury housing (for the rich), which will open it up for someone else! Who will be able to afford luxury housing (for the rich).

        This is the thinking of someone who’s never struggled to pay a bill in their life.

      • HLB217
        2·
        1 year ago

        Houses are like cars. When you build an expensive house (or car) for someone who is rich, they leave a lower-cost used home (or car) behind, available to be filled by someone who is not so well off.

        Except they hang on to the lower cost used home and rent it out at extortionate prices to help pay for the expensive house.