this post was submitted on 30 Sep 2024
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It'll persist as long as a significant amount of MPs are landlords and would never vote against their self-interests despite it being the best thing for their constituents.
A majority of their constituents are homeowners and homeowners have been indoctrinated to believe that owning the property you live in is an investment. Which is partially true only under the condition that you downgrade when you sell. So those MPs are effectively voting in the interest of the majority of their constituents. I think this is a much better explanation to the durability of this behavior.
Exactly. This has nothing to do with MPs being landlords. Any government that crashes house values will never be reelected. That's why all measures taken to date have avoided doing that — for example the reintroduction of 30-year mortgages, undoing a change that was introduced to prevent house prices from growing too high. The only long-term solution is of course for prices to come down (which can only be achieved by massively increasing supply) but most homeowners don't want that and will vote against it.
... preferring instead to bitch and complain about the unhoused population making a mess of their cities.
You'd be amazed how many people don't understand that causation. For example, most people I talk to IRL about this don't know that most homeless drug users started using after they became homeless. Instead, they think the homeless became addicts first and spent their rent money on drugs. Once they're made aware of that and the fact that a housing-first approach is actually less expensive than the costs of homelessness (shelters, law enforcement, etc.) almost everybody I've discussed this with agrees that ensuring everybody has housing is the best approach. Mind you, they will rarely agree that everybody's house value needs to come down, but it's a start.
That's a relatively small problem (in terms of how many housed people are acutely impacted or even aware) in large sprawled cysts like the GTA. The unhoused population is visible in small localized spots. The vast remainder wouldn't even hear about it if they didn't read the news or don't have to go to those spots. The very large city of Mississauga for example hasn't heard or seen a peep about unhoused people. It's only stories by the few that work specifically downtown. The backyards are as clean as ever and the birds are singing. I wish everyone was acutely aware.