Ironically, that was my exact experience in the current system. The landlord student lived upstairs, demanded rent, and kicked people out on a whim. I like the other person’s suggestion about a co-op
Ironically, that was my exact experience in the current system. The landlord student lived upstairs, demanded rent, and kicked people out on a whim. I like the other person’s suggestion about a co-op
In Canada there are 15m private dwellings and 38m people.
That’s one house for every 2.53 people.
I have 5 people in my house (wife, 3 kids)
I think there is plenty to go around and it’s not a shortage thing.
Housing is considered affordable if it’s repayments and maintenance is 30% of your income.
So a median income in your area should see a median house price at around that. I did a bit of maths and it’s around a 4x multiplier given current interest rates in my area.
Also consider that everyone needs a home, so median is not the cheapest available.
In my suburb the multiplier last year was 7.5x, and I just did a check and the cheapest available housing listed is 6.5x
So you are totally right, there needs to be a massive shift
There’s no reason why buying or selling a house needs to be any harder than renting a house. The default should be owning your home and paying it off. Just like the default is owning your car. Sure, you rent a car on holidays or if you need something very short term, but you buy a car if you need it more than that.
So there are two things we need to do:
Through taxation make multiple dwelling ownership a thing of the past. Plus ban all corporate ownership of residential houses. The only exception to this rule is new builds until they are sold to a private buyer.
Transferability- if you need to move and buy a new house, your old property goes into a no reserve auction pool run by the government. This same pool is probably where you get that new house you are looking for.
Together these should bring the market down to sane levels and also create greater variability in house values - really prestigious properties will continue to sell for more, but bog standard suburban sprawl would be affordable and we would no longer need rentals.
I know it’s like beating a dead horse, but sync is actually pretty fantastic and hasn’t skipped a beat for me yet. Connect I was afraid to comment on posts because it would refresh the whole page on me and lose my spot.
So we can write fuck spez, but this time on Lemmy.
I like it, at first I thought “hmm. This breaks the rules of the no corporate ownership” but then realised that so long as there is transparency / a special co-op structure where they can be sure you only own the one property it’s totally workable.