AndreaPalladio
Senior Member
Well then it must be okay.
God forbid we strive for more or better.
Well, of course you can have more or better. You just have to pay for it. There is no shortage of big houses or big apartments in the city.
Well then it must be okay.
God forbid we strive for more or better.
Naw. This is simply the future of capitalism run wild.
then it's time to start sewing your diamonds into your corset, comrade.
Naw. This is simply the future of capitalism run wild.
It's incredibly efficient at forcing all but the wealthy out of downtown cores when they become desirable. HOWEVER, if it is not left to run amock, and there are policies that keep housing affordable or provide a healthy dose of affordable housing (sorely lacking in Toronto), then I find the capitalist approach to be much more palatable.
Capitalism is efficient in many ways, but one of its efficiencies is that it treats you better the wealthier you are. There are many people that will never be able to live in the core because they cannot afford it-- look at the prices of the units in this building for example-- for such a tiny space! And in the end, a socially homogeneous core and segregated city is bad for everyone.
I'm not paranoid. I've studied my fair share of this stuff and read some alarming studies. Things change over time and I wonder what will happen to Toronto without necessary interventions.
I'm always confused by this attitude. Government controls more of the economy (as a percentage of GDP) than it ever has before. This is most certainly not an age of capitalism run wild. Corruption, maybe; but not capitalism.
Imagine how inaccessible downtown living would be if it weren't for the availability of small units.