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Last night Gregor Robertson defended Development Charge increases when he was Mayor saying “when market housing is selling at those rates, we may as well take some of that back into the public purse” He now has to get deals for 50% cuts to DCs Does he believe DCs... show more

Evan Scrimshaw

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40,925 Aufrufe • vor 1 Jahr •via X (Twitter)

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Evan Scrimshawvor 1 Jahr

This isn’t an academic question - it is government policy that DCs need to fall to lower the cost of Housing Gregor Robertson seems to be implying that house prices are what they are, and all that matters is how much money goes into Developers’ pocket versus the city’s

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The Liberation Projectvor 1 Jahr

𝐖𝐞𝐚𝐥𝐭𝐡𝐲 𝐄𝐥𝐢𝐭𝐞 𝐅𝐞𝐚𝐫𝐬 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 Scott Galloway, multi-millionaire professor, gives dire warning about the decline of American capitalism, expanding wealth inequality and far-right CEOs. ★ NEW ARTICLE ⬇️

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Alex Cullenvor 1 Jahr

Development charges pay for new infrastructure to support new housing. If the new homebuyer doesn't pay for this then who? Expecting municipal councils to raise property taxes to subsidize new infrastructure for new homebuyers is not realistic. #cdnpoli

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Data Dogevor 1 Jahr

We need to have a mandatory ECON 101 exam for all MPs. This new housing minister would have been screened out before he became a disaster.

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Thomas Smithersvor 1 Jahr

Hate to say it but this guy seems like a bad choice.

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Top #10^6 LinkedIn Expert 🐵vor 1 Jahr

"The other countries will pay the tariffs" but maplely.

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Andrew Gauchervor 1 Jahr

@EricDLombardi

Profilbild von Michael Wiebe

Michael Wiebevor 1 Jahr

To understand the effect of development charges, we need to understand tax incidence. S = supply of land. Because landowners have different reservation prices, this is not vertical (inelastic). At lower prices, landowners pull out of the market.

Profilbild von Stuart Wright

Stuart Wrightvor 1 Jahr

Govt shouldn’t try to make back more money from DC’s. That the value of the premises on the property increases doesn’t make the infrastructure more valuable. The cost of the sewers, electrical and other services to the property do not appreciate in value. There4 DC’s shouldn’t.

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