RandAlThor@lemmy.ca to Montréal@lemmy.ca · 1 year agoEvery developer has opted to pay Montreal instead of building affordable housing, under new bylawwww.cbc.caexternal-linkmessage-square12fedilinkarrow-up164arrow-down14cross-posted to: canada@lemmy.ca
arrow-up160arrow-down1external-linkEvery developer has opted to pay Montreal instead of building affordable housing, under new bylawwww.cbc.caRandAlThor@lemmy.ca to Montréal@lemmy.ca · 1 year agomessage-square12fedilinkcross-posted to: canada@lemmy.ca
minus-squarecheery_coffee@lemmy.calinkfedilinkarrow-up3·1 year agoPeople would buy them for below marks and then “flip” them and sell them for market rates. Unless they sell enough for everyone even poorer people who buy them would want to realize that instant windfall.
minus-squareHubertManne@kbin.sociallinkfedilinkarrow-up1·1 year agowhich would work until enough were built that there was no profit in flipping and if people realized that was the intention the ability to flip would go away much faster.
People would buy them for below marks and then “flip” them and sell them for market rates.
Unless they sell enough for everyone even poorer people who buy them would want to realize that instant windfall.
which would work until enough were built that there was no profit in flipping and if people realized that was the intention the ability to flip would go away much faster.