#shadowflipping — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #shadowflipping, aggregated by home.social.
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#VanRE bubble bursting
42% drop in #Vancouver housing starts? (Unstated) Existing condo inventory isn't selling.
After 15+ years, the industry w/ mantra "increase supply (i.e. of *luxury* and shoebox condos) for more homes" states they can't build more "affordable homes", need "reduced construction costs" (for higher 🤑)
Truly affordable homes for citizens who live in B.C. still unavailable.
Land speculation + #shadowflipping increased -- after 15+ years same mantra.
https://www.cbc.ca/news/canada/british-columbia/vancouver-housing-starts-drop-9.7315071
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Thanks to #VanRE #shadowflipping #casinogate + luxury condos:
"The loss of rental stock due to redevelopment has made the net number of purpose-built rental units in B.C. comparable to what it was in the early 1990s — while the population has grown by 50% since that time."
#Vancouver #affordablehousing #bcpoli
https://www.cbc.ca/news/canada/british-columbia/b-c-rental-protection-fund-applicants-1.7045233