[AlvinofDiaspar]

the nature of land economics means that those with the most economic means will be the last to be priced out. Make more room for them, and those below them have more room too.

Is property taxes the best - or even fair - way to drive this process though? It's one thing for the property owner to say the land is worth more to me to redevelop to a more intensive use; it's another for the state to use its powers to drive that process through valuation.

so redevelop.
Whoop-de-do, cry me a river. We are in a housing crisis.

If one is serious about dealing with the housing crisis, it'd be tackling the yellow belt - instead of expecting what, 5% of the land area to handle housing pressures of the entire city. But of course, single families getting booted out of detached housing is whoop-de-do. Now that's something to cry me a river about.

AoD

 

[Towered]

Is property taxes the best - or even fair - way to drive this process though? It's one thing for the property owner to say the land is worth more to me to redevelop to a more intensive use; it's another for the state to use its powers to drive that process through valuation.



If one is serious about dealing with the housing crisis, it'd be tackling the yellow belt - instead of expecting what, 5% of the land area to handle housing pressures of the entire city. But of course, single families getting booted out of detached housing is whoop-de-do. Now that's something to cry me a river about.

AoD

Yes, something needs to be done about the sacred yellow belt, but what? Our elected officials are held hostage by homeowners.

 

[innsertnamehere]

Is property taxes the best - or even fair - way to drive this process though? It's one thing for the property owner to say the land is worth more to me to redevelop to a more intensive use; it's another for the state to use its' powers to drive that process through valuation.



If one is serious about dealing with the housing crisis, it'd be tackling the yellow belt - instead of expecting what, 5% of the land area to handle housing pressures of the entire city. But of course, single families getting booted out of detached housing is whoop-de-do. Now that's something to cry me a river about.

AoD

It is but one of a litany of tools needed to tackle it. Certainly far from the only.

Property taxes are a good way of combating people "sitting" on land. It forces them to look to develop. If land is wholly owned, the only carrying costs are property taxes.. and when it costs nothing to own land (or very little), there is no financial incentive to maximize its value beyond looking for a return. People are a lot more motivated when they see their bank account shrinking.

 

[AlvinofDiaspar]

Property taxes are a good way of combating people "sitting" on land. It forces them to look to develop. If land is wholly owned, the only carrying costs are property taxes.. and when it costs nothing to own land (or very little), there is no financial incentive to maximize its value beyond looking for a return. People are a lot more motivated when they see their bank account shrinking.

Of course it is a good tool - it might even be a legitimate policy tool even. But is it morally defensible when you have written off vast tracks of the city as sacrosanct and then expect the remainder to carry the weight? I'd argue not. I mean, let's do an economic output analysis of say this property and a similar sized property in a proximate site in the yellow belt. I mean, just who is sitting on the land, really?

AoD

 

[innsertnamehere]

Of course it is a good tool - it might even be a legitimate policy tool even. But is it morally defensible when you have written off vast tracks of the city as sacrosanct and then expect the remainder to carry the weight? I'd argue not. I mean, let's do an economic output analysis of say this property and a similar sized property in a proximate site in the yellow belt. I mean, just who is sitting on the land, really?

AoD

 

[AlvinofDiaspar]

Call me when we have it. Until then, I think the grievances aired are fair and square.

AoD

 

[AlbertC]

Grinder Coffee in Leslieville and Schmaltz Appetizing at Dundas W & Ossington (among other places) have closed:

10 notable Toronto businesses that closed in October

Businesses that closed in Toronto last month include a great place for a mac n' cheese power lunch as well as a beloved bourbon and beer dive, but ...

www.blogto.com

 

[AlbertC]

Yitz's Deli at Eglinton W & Avenue Road is closing on December 1st, 2019 after 47 years in business.

Ruby Soho, a new project from the group behind Sweet Jesus and El Furniture Warehouse, is replacing Portland Variety at King West & Portland.

Indonesian restaurant, Little Sister, is opening another location at 102 Portland @ Adelaide.

New Toronto restaurants: L'Unita is closing - NOW Magazine

Markham gets conveyor belt hot pot, Little Sister to open downtown, an El Furniture Warehouse sister spot is coming to King, and more in your weekly dose of Toronto restaurant news

nowtoronto.com

 

[interchange42]

I love Little Sister. That place will do huge business in the Entertainment District.

42

 

[DSCToronto]

NEO the great coffee (and pastry!) place on Frederick St has a new second location, 770 Bay (just south of College.)

 

[ChesterCopperpot]

The Prohibition location at Yonge/Eg is closing today - citing "the never ending construction issues on Eglinton"

 

[AlbertC]

Gordy Smiles, a taco restaurant by Chef Anthony Rose, has opened at Dundas W & Ossington replacing Schmaltz Appetizing.

Butter Chicken Roti has opened a new location at 646 Yonge Street @ Irwin:

Schmaltz Appetizing officially replaced by new Ossington taco joint | Dished

It happened quickly: Chef Anthony Rose has swapped out Schmaltz Appetizing bagels for tortillas and margaritas, as Gordy Smiles opens its doors.

dailyhive.com

 

[Marmaly]

Yitz's Deli at Eglinton W & Avenue Road is closing on December 1st, 2019 after 47 years in business.

Ruby Soho, a new project from the group behind Sweet Jesus and El Furniture Warehouse, is replacing Portland Variety at King West & Portland.

Indonesian restaurant, Little Sister, is opening another location at 102 Portland @ Adelaide.

New Toronto restaurants: L'Unita is closing - NOW Magazine

Markham gets conveyor belt hot pot, Little Sister to open downtown, an El Furniture Warehouse sister spot is coming to King, and more in your weekly dose of Toronto restaurant news

nowtoronto.com

Regarding Yitz's, does anyone know if Metrolinx has been compensating them for putting a cargo container in front of their door? How could any business survive this? It's surprising they lasted this long.

 

[innsertnamehere]

Regarding Yitz's, does anyone know if Metrolinx has been compensating them for putting a cargo container in front of their door? How could any business survive this? It's surprising they lasted this long.

They are closing because they are getting condoed, not because they went under.

 

[Midtown Urbanist]

The Prohibition location at Yonge/Eg is closing today - citing "the never ending construction issues on Eglinton"

I was there recently, was not very busy.

That being said, the construction is not for that much longer at this point.