RE: https://mstdn.ca/@thetyee/116335749575463799
Imagine making the stupidly rich, and only them, pay for housing for the 4,000 unhoused people in BC?
Vancouver and Surrey each have over $10b in their accumulated surplus, only a portion of it is designated for specific things.
Cities, the province and the feds own so much developable land, even just in the lower mainland.
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We can borrow just $1b from the surpluses, and build 24/7 supportive housing for 4,000 people on land that is public already, and staff it with social workers already deployed.
We pay it back with the proceeds of the empty house tax, in Vancouver and the province, in less than 10 years. Like 6-8, now that the 2026 BC budget has increased their empty home rate.
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2/3
Marc Lee with the CCPA costed this all out in 2016. So we've known how to do it for a decade. We just won't.
https://www.policyalternatives.ca/news-research/getting-serious-about-affordable-housing-towards-a-plan-for-metro-vancouver/
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3/3
Stephen Elliott~Buckley