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Eby says governments must step up on housing, can't rely on private sector (bc.ctvnews.ca)

submitted 1 year ago by [email protected] to c/[email protected]

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Eby says there are proposals at the federal level to sell public land and buildings to help solve the crisis, but B.C. is doing the opposite by taking inventory of provincially and municipally owned land in order to build more homes.

He told the BC Non-profit Housing Association's annual conference his government is the right one to tackle the housing crisis as the province faces “huge challenges.”

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[–] [email protected] 3 points 1 year ago

Pricing problems can use alternative solutions. Raise property taxes on only the land by 10x, then return all of that money to every citizen equally. People who are using too much property for themselves will sell that off right quick to either a larger family or a developer. Congratulations you just made land cheaper everywhere and didn’t have to spend a single tax dollar.

I am salivating at the thought, though honestly that seems even less likely than panic-building anything.