ible

@FIVRE604 @vb_jens @SteveSaretsky @bryanyuBC @Slushpuppisan @BrendanDawe @rwittstock Yes so even if demand measures work ideally still need to tear down SFH and replace w/condos/PBR or no affordability for anyone but affluent

@FIVRE604 @vb_jens @SteveSaretsky @bryanyuBC @Slushpuppisan @BrendanDawe @rwittstock But even if demand measures lower SFH prices by 50%, there would be approximately 0 houses affordable to typical household in CoV.

@Slushpuppisan @FIVRE604 @verus_praedium @vb_jens @bryanyuBC @BrendanDawe @rwittstock Wait, how many characters is that!?

@FIVRE604 @bryanyuBC @vb_jens @Slushpuppisan @BrendanDawe @rwittstock It just seems like there is enough capacity to work on both approaches at once. I don't get who it is distracting, or why that matters.

@FIVRE604 @bryanyuBC @vb_jens @Slushpuppisan @BrendanDawe @rwittstock I don't mean to harp on you, you seem reasonable, sincere, engaged and knowledgeable which is a rare combo on twitter.

@FIVRE604 @bryanyuBC @vb_jens @Slushpuppisan @BrendanDawe @rwittstock That'd be great. It doesn't matter if it is built before or after the demand curbs reduce prices though, does it? Works either way?

@FIVRE604 @vb_jens @Slushpuppisan @BrendanDawe @rwittstock @bryanyuBC That'd be great, but how do you avoid value increase from rezoning getting priced into the land?

@FIVRE604 @vb_jens @Slushpuppisan @BrendanDawe @rwittstock @bryanyuBC But if you build condos/rental on that lot the land price has gone up but the unit price has stayed the same or (more likely) gone down.

@willmanduffy Programmers automate themselves constantly yet there is always more to do. If we get artificial general intelligence other worries bigger.

... Somehow notion that current supply is adequate is gaining traction. With sub-1% vacancy that's equivalent to endorsing record rent hikes

@brettdrc @pqpolitics @FIVRE604 @jhwfung @vb_jens @skinnymanatee @ahvancouver @5kids1condo @BrendanDawe @thomas_falcone @DannyOleksiuk @rachelselinger @reillywood That seems counter intuitive to me. I'd love to see some data on that. Does anyone have a link?

@vb_jens @jhwfung @pqpolitics @FIVRE604 @skinnymanatee @brettdrc @ahvancouver @5kids1condo @BrendanDawe @thomas_falcone @DannyOleksiuk @rachelselinger @reillywood Thanks! I think you do pretty well though. Plus your maps and posts are awesome. I've learned a lot from them over the last couple years.

@jhwfung @pqpolitics @FIVRE604 @vb_jens @skinnymanatee @brettdrc @ahvancouver @5kids1condo @BrendanDawe @thomas_falcone @DannyOleksiuk @rachelselinger @reillywood @MetrotownRA They aren't sufficient. Needs more, targeted at more incomes. But still better than the $6 million houses that were there.

@jhwfung @pqpolitics @FIVRE604 @vb_jens @skinnymanatee @brettdrc @ahvancouver @5kids1condo @BrendanDawe @thomas_falcone @DannyOleksiuk @rachelselinger @reillywood Yes tearing down affordable rentals for luxury condos is bad. But isn't tearing down luxury houses for relatively affordable condos good?

@jhwfung @pqpolitics @FIVRE604 @vb_jens @skinnymanatee @brettdrc @ahvancouver @5kids1condo @BrendanDawe @thomas_falcone @DannyOleksiuk @rachelselinger @reillywood @MetrotownRA I agree. Don't tear down affordable multifamily for condos. Said so up-thread. How does that apply to replacing an expensive house?

@FIVRE604 @pqpolitics @jhwfung @vb_jens @skinnymanatee @brettdrc @ahvancouver @5kids1condo @BrendanDawe @thomas_falcone @DannyOleksiuk @rachelselinger @reillywood Sure, but only 10% or so are left empty though aren't they? AirBnB is definitely a concern, but looks like around 2% of units.

@pqpolitics @FIVRE604 @jhwfung @vb_jens @skinnymanatee @brettdrc @ahvancouver @5kids1condo @BrendanDawe @thomas_falcone @DannyOleksiuk @rachelselinger @reillywood I don't understand. Are you saying building more housing units makes housing more expensive? How?

@FIVRE604 @pqpolitics @jhwfung @vb_jens @skinnymanatee @brettdrc @ahvancouver @5kids1condo @BrendanDawe @thomas_falcone @DannyOleksiuk @rachelselinger @reillywood Removing investors could lower purchase prices though. Shouldn't have big impact on rents I would think?

@FIVRE604 @pqpolitics @jhwfung @vb_jens @skinnymanatee @brettdrc @ahvancouver @5kids1condo @BrendanDawe @thomas_falcone @DannyOleksiuk @rachelselinger @reillywood While local ownership is 💯, those completions will be housing supply for people here, whoever owns them.

@FIVRE604 @jhwfung @pqpolitics @vb_jens @skinnymanatee @brettdrc @ahvancouver @5kids1condo @BrendanDawe @thomas_falcone @DannyOleksiuk @rachelselinger @reillywood Metro Vancouver needs ~15k net completions per year to keep up with pop growth. Starts are well above now, looking forward to results.