http://dynamiccities.org/simplified-rs1/ Can something like this proposal solve the conundrum of high RS prices? Maybe, since it's applied to ALL RS-1 properties. All zoning rules should also be more inclusionary, so that none of them will be scarce. However, if this amendment can go along with purposely designed land value tax, we can see less prevalence…Read more Simplified RS-1 “Residential” Zone
http://www.theglobeandmail.com/real-estate/vancouver/vancouver-housing-supply-isnt-the-issue-affordability-is-data-shows/article31794288/ Apparently someone published a terrible research paper. Even if you have mostly correct numbers, you still can't interpret it right. It's the difference between science and arts. [Update] I think Kerry Gold misunderstood Andy's study and his intentions. The supply isn't sufficient; it's more and more misallocated to high end multi-family than low end…Read more Data suggest Vancouver housing supply isn’t the issue, affordability is
The short answer is that the intrinsic value of land is so great that even gold can't beat it. First, land is never amortized. Unlike buildings, land rarely suffers wear-n-tear, and this feature retains its value for perpetuity. Second, land is scarce, especially developed land and urban land. Value of land decreases as it is…Read more Why Is Land Prone to Speculation?
Wikipedia Peter Calthorpe After I moved in UBC, I couldn't wait to walk around the campus and enjoy the most walkable part of the City. However, I quickly spotted some shortcomings: cars, parking lots, and trucks. Cars, pedestrians, and cyclists share the same road space in most parts of the campus superblock. It's definitely walkable…Read more Superblocks and Pedestrian Pockets
Article about foreign investors' view on 15% additional PTT Well, have we created an investor-friendly market in sectors other than housing? And as globalization has been growing stronger wider, do investors need to settle down here? No, and no. We have a crappy system and crappy politicians, and we don't know what we want and…Read more Do We Need Investors in Housing?
I've seen a lot of Twitter feeds about Chinese money laundering and immigration, possible culprits to Vancouver housing crisis. But I want to challenge these thoughts: if we don't talk about Chinese and immigrants, would we still be able to solve housing problems? Some people hold the thought that all of the housing crisis has…Read more Problems and Causes
Here is the definition of net wealth: Net worth is the amount by which assets exceed liabilities. Another way to say this is, it's the value of everything you own, minus all your debts. Net worth is a concept that can be applied to both individuals and businesses, as a measure of how much they…Read more Net Wealth