1003 replies to this topic

[rjag]

Just waiting for Comrade Isitt to propose an empty bedroom tax where the homeowner gets a choice of letting a homeless person stay in your spare room for free or pay the City $800 a month to keep it empty....

[Nparker]

Just waiting for Comrade Isitt to propose an empty bedroom tax where the homeowner gets a choice of letting a homeless person stay in your spare room for free or pay the City $800 a month to keep it empty....

OMG! You've just put that idea out into the universe for Ben/Ben Jr. to see! 

[LJ]

 

https://www.landlord...-new-landlords/

 

So what is stopping me from renting it to my son/daughter and they just happen to not be staying there. What does "tenanted" mean? Could you list it on Air BnB and just not rent it to anyone? 

[LeoVictoria]

So what is stopping me from renting it to my son/daughter and they just happen to not be staying there. What does "tenanted" mean? Could you list it on Air BnB and just not rent it to anyone?

the answer you seek is in a dictionary.

Kinda like saying "what would happen if I don't declare my income to the CRA? What would happen if I declare that I'm being paid in Monopoly money instead of cash?"

Edited by LeoVictoria, 01 May 2017 - 08:24 PM.

[VicHockeyFan]

But what if I say it's tenanted by my son?  He's the tenant there, and his wife is the tenant at the other house.  Ya, he sleeps over there all the time with her, but here is his lease with me.  The whole system seems bunk.

[LeoVictoria]

But what if I say it's tenanted by my son?  He's the tenant there, and his wife is the tenant at the other house.  Ya, he sleeps over there all the time with her, but here is his lease with me.  The whole system seems bunk.

 

You pays your money and you takes your chances.

[Greg]

Foreign purchaser tax. Vacancy tax. What's next?

 

There's something inherently wrong about trying to address affordability issues in this manner. The reason, presumably, that we should care if people can afford to buy their own home as opposed to renting, is because of the set of property rights obtained through home ownership. Reducing those property rights is an odd way to solve the problem.

[phx]

Foreign purchaser tax. Vacancy tax. What's next?

 

Lucky tax if the house number contains the digit 8.

[spanky123]

Foreign purchaser tax. Vacancy tax. What's next?

 

There's something inherently wrong about trying to address affordability issues in this manner. The reason, presumably, that we should care if people can afford to buy their own home as opposed to renting, is because of the set of property rights obtained through home ownership. Reducing those property rights is an odd way to solve the problem.

 

Well the good news is that the tax and spend policies of our various levels of Government continue to drive down the value of the Canadian dollar so that foreign owners don't need to be concerned about the 1% property tax. They have made that up in foreign exchange many times over in the past year.

[VicHockeyFan]

If Vancouver City Hall wants to fundamentally improve Vancouver’s housing situation, it should focus on building more housing units rather than trying to sniff-out unoccupied housing. The zero-sum mentality has to end. The Vancouver of 2027 won’t look like the Vancouver of 2017. It will either be a denser, more dynamic city. Or a playground for the wealthy. The choice should be obvious.

 

http://theprovince.c...-and-affordable

[spanky123]

^ Obvious to who? I know what the wealthy would choose!

Edited by spanky123, 07 May 2017 - 12:27 PM.

[Mike K.]

That's what's playing out in Oak Bay as we speak. Even the mayor has stated that he isn't sure if the answer to the housing issue is density.

[Nparker]

That's what's playing out in Oak Bay as we speak. Even the mayor has stated that he isn't sure if the answer to the housing issue is density.

And if not increased density then what - that doesn't add to the burden of taxpayers?

[dasmo]

That's what's playing out in Oak Bay as we speak. Even the mayor has stated that he isn't sure if the answer to the housing issue is density.

It's not density as it is playing out now. We need lots and lots of row houses and duplexes not condos. Not luxury homes with basement suites either.

[Nparker]

It's not density as it is playing out now. We need lots and lots of row houses and duplexes not condos... 

Actually, we need all of these housing forms.

[dasmo]

Actually, we need all of these housing forms.

Sure condos have their place and are also needed but the reason we have hit a "crisis" is because family friendly density has barely happened. If that Train makes it to West Hills than som more of this can happen....

[Nparker]

...the reason we have hit a "crisis" is because family friendly density has barely happened...

Well that's a reason, but even more so the CRD simply doesn't have anywhere near the supply of all types of housing stock to meet the demand.

[VicHockeyFan]

Sure condos have their place and are also needed but the reason we have hit a "crisis" is because family friendly density has barely happened. If that Train makes it to West Hills than som more of this can happen....

 

There is actually no "crisis", as I have said before.  I do not know a single working person that is homeless because of our tight housing supply.  Zero.  There are no such people.

[Mike K.]

Sure condos have their place and are also needed but the reason we have hit a "crisis" is because family friendly density has barely happened. If that Train makes it to West Hills than som more of this can happen....

The issue is so-called family friendly density in the urban core is being assumed by wealthy retirees.

You can be blue in the face with suggestions on what family friendly housing should be and how much should be built, but if families can't afford $650k two-bedroom condos they won't be able to afford $1.1-million rowhouses in Oak Bay. And that's why Langford/Colwood/Mill Bay are now the destinations of families. There's nothing wrong with that, either.

Actually, Chard is developing a collection of rowhouses in Oak Bay. My guess is they will start at around $800k and top out at over a million.

[dasmo]

I'm not talking about first time buyers living in a SFH in the core... I've been in this market since 2003. That wasn't easy then.... but perhaps IF more of that style inventory was built in the core there would be less pressure on the West Shore.