this post was submitted on 10 Oct 2023
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Just a reminder that when given the choice of building afforable housing or paying a fine, every single developer in Montreal elected to pay a fine.
Developers. Can. Not. Be. Counted. On. To. Fix. The. Housing. Crisis.
How does the saying go? Something like For the rich, fines are just part of the cost of doing business
If the fine is less than the profit then itβs the cost of doing business
If the fine is tax-deductible, it's even better!
This isn't necessarily that bad, I think the city just wasn't ready to step in and build them themselves with the funds.
Ah yes, trickle down house-enomics.
Not enough people say this, fuck Regan!
Trickle down economics was not a joke to Reagan (publicly anyway). His plan called for massive tax cuts to the rich so their growth would "trickle down" to everyone else through more jobs from business expansion.
A remarkably stupid idea that has only worked out for the rich...
Yes, of course! If we just build luxury housing for the rich, the rich will just vacate their current luxury housing (for the rich), which will open it up for someone else! Who will be able to afford luxury housing (for the rich).
This is the thinking of someone who's never struggled to pay a bill in their life.
Except they hang on to the lower cost used home and rent it out at extortionate prices to help pay for the expensive house.