In a country with some of the world’s most expensive real estate, Prime Minister Justin Trudeau’s government wants housing to become more affordable.
In a country with some of the world’s most expensive real estate, Prime Minister Justin Trudeau’s government wants housing to become more affordable.
It is a social good to have an overproduction of food to ensure that there is still sufficient food available when things go wrong. A single farm is incentivized to leave people to starve, so it is a given that expansion would be needed when moving away from that single farm in an effort to better serve the population.
The necessity of surplus capacity is not mutually exclusive with ecologically efficient solutions to economic problems.
Which is what we are discussing here.
You are attempting to forward an argument that would apply to supply issues, as if my scenario of a single farm were more than just an anecdotal example illustrating one single point of interest. (The economics of the housing market)
My entire point is that there should be multiple providers (owners) that do not collude. The number of farms used in my example is coincidental. You are basically reciting my own argument back to me.
Nothing you say can change the fact that when the capacity to meet and even exceed demand already exists, solving economic problems through excessive new supply, is inordinately wasteful.
Canada does have an unusually small number of houses, relative to its population size, as compared to most other countries. It may be true that we still have a sufficient number of houses to house everyone, but not unlike farming, houses can burn down, get hit by tornadoes, etc. and having an oversupply can also be a social good to ensure that people can still find a roof over their head when things go wrong.