scooterz
New Member
“And I would disagree with the premise that if something doesn't work then it must be because the "free market" decided. The free market isn't always right, and it's less often free.”Maybe it's just because I work in Vancouver where the distinction between land development and building development is less obvious, but this seems to be splitting hairs. You seem to be suggesting that because development arms of a company specialize in different areas, that the fact that edmonton is doing the land development in blatchford means that if the suburban developers aren't deciding to build in blatchford, it must mean they think there is no demand for the product because otherwise the home building arm would simply choose to start developing in blatchford. But this ignores the very obvious relationship these development arms have with each other, they're all still part of the same pipeline are they not? Maybe things here just worked way differently, but are the home builders for suburban developments really working with different land developers? If the home builders are working with an integrated arm, they are going to almost exclusively going to work with that arm. If they are a home builder only, they still will have very few preferred land developers that they will work with.
So yes, technically home builders could go and work in blatchford, but that doesn't mean they will. It's still a departure and a risk compared to whatever system they have built in the suburbs.
And I would disagree with the premise that if something doesn't work then it must be because the "free market" decided. The free market isn't always right, and it's less often free. Asking prospective buyers to choose cheaper housing with larger long term externalities over something more expensive with less externalities isn't a free market decision, because people are terrible at long term thinking and decision making. What it really ends up being is a indication of how many people are concerned about the impacts of development and its environmental footprint, and how well those people think this development will address those impacts (on top of the other more "free market" decisions such as living near the core and living in a theoretically walkable community). This development doesn't fit within the free market framework because the free market is terrible at long term decision-making, and doesn't account for externalities, especially environmental ones. For example, things like EVs and solar panels would not have gotten to the point they've gotten to now without government intervention because the decades of investment and losses would not have been worth the future profits (the free market doesn't care about the environmental impacts). Our world is much more complex to simply say, "oh it didn't work out right away, whelp the free market decided that we should stop trying to attempt more walkable and environmentally conscious development
Edit: to be clear I'm not saying blatchford is like some net zero utopia or anything, just that there is a lot that has gone into making this development greener than typical development in edmonton, even down to the hopefully mixed use nature of the development that will allow for less car use and alternative transportation methods.
This is so true, and home buyers can feel forced to choose from a range of imperfect options. I’m happy to see Blatchford offer something different, as greater choice is beneficial for consumers.