The Wrap Vol 2, #19 — Making Sense of Affordable Housing

Photo by Hannah Wright on Unsplash

“There’s no place like home, there’s no place like home. There is no place like home…” — Dorothy of Kansas, Wizard of Oz

Source: Rentals.ca

I’m leaving Toronto as it’s a death trap for those not in the market. Everything you own will be depleted, and now, my friends with good jobs (tech department managers, professors, and more) see no future in Toronto. 7 years ago, you got a full house with a mortgage that is less than the current rate for a 1 bedroom flat. Add optional rental income, and you have other people paying for you to live free. Either option, is low living expense or living for free. Who would leave that.

I disagree with the Uni educated claim [that University Professionals can live in Toronto]. Go look up what a professor makes at the University of Toronto, etc… and you’ll see that unless you’re one of the rare tenured profs, you still don’t have great options in Toronto.

Part of the solution should also be providing better transportation links across cities, so that we can use this crisis to rebuild a more decentralized nation. Why can’t Canada have a train network like so many European nations, where the economy can prosper through healthier linkages. Our train network sucks. Can’t our politicians go on a trip to Europe, to see how we can put in place a system that will sustain massive growth without driving countless Canadian’s onto the streets. Our situation is not sustainable.

Making the smaller towns more accessible may be part of the solution.

“Why can’t Canada have a train network like so many European nations”, Because mass transit must have an ROI but highways are free and paved with someone else’s gold.

Toronto still has most jobs, if not Mississauga. Go Train is a pretty fast and reliable communter train. You can commute downtown from alot of places like Ajax, Burlington or even Milton. Alot of Torontonians are shocked to hear it just takes 40 min from alot of these suburbs.

How about every residential property gets a bump in property tax to 5% of assessed value bit then if you have a full time tax paying resident (owner or renter), they get the benefit of a tax offset from their income tax. So basically, vacant units get a bit property tax hit; second properties/occasional use properties get a big tax hit; and AirBnB/short term rentals get a big property tax hit. That would incentivize the more efficient use of residential real estate.

The GO Train In Winter — Slightly South of the North Pole
GO Train — The Commute from the Burbs to Toronto Photo by John McArthur on Unsplash
The Wheel of Misfortune — It’s Complicated not Immigration or laziness — Source: City of Calgary

“Our pods are actually eight feet tall, so it gives enough room for like bigger people and like also some wiggle room, so they’re not like the Japanese capsules. They’re a bit larger,” said Brownstone Shared Housing Co-Founder Christina Lennox

Nathan J. Robinson, editor of Current Affairs magazine, recently published what appeared to be a draft of an essay in his own publication that discussed building brand-new, government-developed cities in the California’s hinterlands. Some of his arguments don’t make sense, though. It seems whoever was supposed to edit Robinson’s piece hit “publish” prematurely.

Photo by analuisa gamboa on Unsplash

Tapestry — Not just the rug in your den

Photo by Yang Shuo on Unsplash
Souirce: City of Calgary

Lexicon — Word of the Week:

Homeless Streaming on Netflix:

500,000 Americans experience homelessness every night. Lead Me Home is a documentary short by Jon Shenk and Pedro Kos that captures the experience from multiple perspectives. This immersive, cinematic film personalizes the overwhelming issue by telling the real-life stories of those going through it as a first step toward challenging uninformed attitudes and outmoded policies and gives the audience a rare, in-depth look at the scale, scope and diversity of unsheltered America today.

Meme of the Week:

Home of the Week

Source — Globe And Mail

Grey Swan Guild

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