Great video Uytae! One minor caveat. At around the 4:30 mark you talk about paying off the mortgage and then rent being like really cheap. Many co-ops have used the financial room provided by paying off their mortgage allows them to reinvest in the physical asset to maintain high quality housing, while still keeping reasonable housing charges.

I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.

"Sending a reminder that ultimately housing is for people, not profits" wow this hit hard, how to we get this message across to the government?

The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.

I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.

We just have to convince the people who made this crisis and have everything to gain from it and are simultaneously in charge of handling it that they should do this!

I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

I moved into non-profit housing for the first time, a year and half ago. For the first time in my life, everything makes sense and I am getting ahead financially. I love my place and my rent is a pleasure! I qualified for this non-profit housing by being over 55. Since moving here and seeing my life flourish I have come to believe we should have this solution available for everyone! I live in Squamish, BC a small town with (guess what?) a housing crisis. Rents are approximately Vancouver level. Not mine. Plus I feel security for the future and more connected with my neighbors and the people who run the society that produced this non-market housing. I don't see why we cannot have this in Canada.

I work for Vancity and I wish we did more advertising like this. Giving away 30% of our profit each year allows us to make some really impactful changes in our communities. Just imagine if all banks did the same, or if everyone decided to more their banking to FIs with these same values. We could legitimately erase the housing crisis.

Social housing was a massive stabaliser in the UK until Margeret Thatcher introduced the Right to Buy scheme, it was seemingly a chartiable policy, allowing tenants to buy the houses from the local councils rather than renting. Eventually though, you now have an entire generation that have since brought these social houses on the cheap in prime central locations, sold them at record profits and then gone to spend their retirement in a lovely country home, these homes were of course sold to private landlords, who will now rise the rent and profits and you have my generation, who can never afford a house and can barely afford the predatory rent, and no actual social housing solution, since they were all sold away into the private market. Alas, today a house in the place I grew up costs upwards of 1 million where it was sold for 60k in the 90s But of course our wages have not seen a 2000 % increase to match

"it is easier to imagine an end to the world than an end to capitalism"

The thing I’ve always hated about renting, is that they’ll charge huge rates on you, and then talk about how they charge those rates to fix things, but if you’re fixing things so much that every tenant has something broken once a month and it takes more than a thousand dollars to fix, then there’s an issue with the building, or the people who own it, or both. And if their excuse is “oh, but it may not be you that’s causing things to be broken” then great, lower my f*cking rent, and stop making me cough up dough for what other people break. And so when you get down to it, it really is just them taking advantage of people in desperate need of housing.

im glad you mentioned that it's relatively cheaper because frankly nearly 2k a month is still an insane price to pay to exist in someone else's building

The problem I see in my town in the US is that there are droves of people moving here, buying multiple houses, and instead of renting, they are turning them into AirBNB's and timeshares. The average individual income is $28,000 for an individual here, while the average rent is $1450. You need to spend over 60% of your income on rent alone, excluding utilities, rising gas and grocery prices, loans and other bills, etc. The wait time for low income housing is approaching 3 years. Every town council meeting I watch only concerns more benefits for seniors and retirees, while swarms of younger people are moving out because literally cannot afford to rent an 800 square foot studio. Almost every business I see is desperate for workers. Some have had to close down permanently. It's getting ridiculous, but sure, let's keep lowering the cost for the retirees so they can have more money to spend at the closed down stores while they struggle to find somebody to drive them there.

The issue is similar in USA. California has extremely high rent but whenever anyone tries to build something homeowners come out in mobs to contest it.

Currently paying $3500 for a 1 bedroom 20ish minutes outside of downtown Miami. When I moved here a few years back I was paying $2400 for a studio and that went up since then as well. Truly so crazy and I’m not sure how people can afford to live in this city as it continues to rise

The UK used to have a large supply of council housing which operated as non market housing. These were built and maintained by local councils and often used for people who couldn't afford normal market rent. This was effective until they got sold off in the 80s where it's really been going down hill since then.

I remember the "promise" prior to the 2010 Olympics that Olympic Village would be affordable housing. Didn't quite work out that way.

You missed some points about non-market housing. Co-ops, which are managed by residents on a cost-recovery basis are great. But paying down the mortgage doesn't necessarily mean that it gets cheap. My co-op had to take out a large, multi-million dollar loan to pay off the existing, higher-interest rate balance on our previous mortgage and to pay for maintenance that is now needed on our 40+ year-old development. It is a large development, with well over 100 units. So housing charges (the equivalent of rent) do go up every year because we have to recover costs and costs keep rising. However, we're still about 60% of the cost of private rentals in our area. But the great thing is that all residents have a vote and nobody is making a profit, we just have cover our costs. The problem with trying to build more co-ops is that politicians get fat bribes...oh, sorry, "donations" from developers who sell them public land for cheap. Back when my place was built, the area was a rundown industrial zone. Now it's a very desirable area and non-market housing was a pioneer of the transformation. Now the private developers are here and there is no talk of more co-ops. And if the topic ever does come up, the developers just muddy the waters by calling it "public housing", insinuating is the poorly run and maintained developments that the government uses to house the poor. One challenge for co-ops is that market conditions are diluting what makes co-ops really special--self-determination. Whenever the waiting list is opened, it gets filled with lots of people who don't want to participate in the work of running the place, they just want a cheap place to live. There's also the challenge, in older co-ops of it getting insular. In some cases you'll see families where two, three, or even four generations live in the same co-op. They have no experience of the private rental market and get some pretty kooky ideas.

I really really really appreciate how you treated price-regulated housing and increasing the supply the housing as not just compatible, but actually complementary. The worst part of housing debates among progressives is when it devolves into "nothing but rent control" vs. "nothing but new market construction", and this is one of the most elegant avoidances of that tendency I've seen!

There is one minor problem that makes things significantly more complicated. The government subsidizes losses on empty apartments. This has led, in my city at least, to hundreds of empty "ghost buildings" making money by literally standing empty. These buildings got built on the hope to solve our housing crisis, on all these promises and more, only to make it significantly worse. Now we have more homeless than ever before, sleeping under the awnings of apartments designed to stand empty.

Another critical part of fixing the housing issue is zoning laws, between mixed use zoning, vertical zoning, better public transit access (there are some cities in canada that are 40% parking lot) and non market housing there is a lot of good ways to combine these to form sustainable communities. Unfortunately NIMBYism tends to cause problems.

I live in a post soviet Eastern European country in what I'd call a multistory concrete jungle. Yet there are plenty of stores, restaurants and even private houses in the area. From what I know about north America, the zoning laws prevent that from happening, making them dependant on a car. I think if you sell to people how much more convenient their life will be without zoning laws, that might help with the housing market in general.

I love this video. I've been making this argument a lot the past few years. I also like to tell people that there's little point in raising the min wage or providing a UBI unless we first address the housing shortage, bc otherwise all the extra income will just go to increased housing prices. And for the cost of 1 year of UBI we could build enough homes to end the housing crisis.

my dream was always to buy or build an apartment building with all my friends, rent it out at market rate until we get back twice the initial cost then hand it over to the tennants as a renters coop then build two more, then repeat. we'd probably get even more donated from the coops we create or they'd continue the same process on their own and in 50 years or something housing just wouldnt be a commodity in our area.

I'm currently renting a non market house with friends. It's not much cheaper than for profit landlords, but it's a solid 40% bigger, much newer, and is kept to a much higher standard. There was nothing even remotely comparable from any for profit landlords.

I go to a church in New West that is currently in plan to do the same thing that Oakridge Lutheran did; Take down an old church building that needs to be replace and build a non market housing with a church attached to it. It was supposed to start construction this October and the developers we partnered with decided to drop out because the developer won't make enough money from it. So much for adding more affordable housing options to people in the greater Vancouver area 😢

Man this is so positive, definitely added so much to my day. I'm glad you make these.

11:50 my dad was actually trying to sue this guy and his company for buying our apartment complex and forcing "renovations" so that they could move people around and therefore increase the rent

Years ago I ran for election on the platform on Community Land Trusts in combination with Limited Equity Cooperatives. It was extremely popular in conversations while door knocking. Unfortunately I was outspent 17x1 and lost to someone taking donations from the real estate industry and land developers.

Actually am pretty impressed, I was expecting a lot of bias (especially anti capitalist bias) but my guy looked at both sides and came with an educated and fair video. It's an interesting idea, personally I think that fine line is a bit too fine to explore further, the number 1 thing we could do that's keeping rents and costs high is deregulate and get rid of mostly useless bureaucracy as he mentioned in the last part of the video, public housing or not, supply and demand will always play the biggest role so we need more supply, but I have to say I'm personally against public housing except maybe for the homeless, as he pointed out happened in hong kong, public housing applied in a limited space will drive prices up, not down, as the availability of land decreases, building, renting, and owning becomes more expensive for everyone, particularly the owners, restricting supply like that could be disastrous in a city with more demand than supply, but as with vienna, it could help in cities with a lot more space and a lot less demand as that would force owners to compete, but in big cities like Vancouver it also just makes it more expensive to build new housing which would then push the prices of the privately owned housing up further as everyday folks like you and me can't operate on a huge deficit like the government can. All in all the only real way to lower prices is to allow developers to build more homes, the red tape is what's causing this stuff, not greed

You are one of the very best channels on UKposts! I'm starting to write my thesis on these sort of issues and this video really got me back into work after more than a few days of... not working 😅

I've missed your content like you wouldnt believe. This is civic engagement at the highest level

Hilarious when even the "affordable" option is miles outside my budget

I was searching for a video like this on this topic. Thank you for making this! I had been discussing this topic so much lately in my personal life and it is nice to have a video to source back on these thoughts.

There are solutions, but like you said it takes a lot of work and those solutions need tweaking as we work through this… but it never hurts to try and educate others on solutions like these. I work at a non-profit and I know how hard it is to come up with money for the cause you’re working for. In my city we’re so lucky that a new zoning code that limits single family homes and adds more mixed zoning and density was passed. Super great video and it definitely makes me think of all the solutions that could be.

I've always wanted to start a non-market neighborhood with tiny homes and its own laundromat and community garden.

This should definitely be a part in every city. 40% at least, 60+% at best. Vienna is wonderful in this regard, imagine paying so less for such an apartment. It's ok if landlords make their profit, but those prices today are getting ridiculous, shouldn't be an infinitely rising and uncontrolled profit driven.

Yup totally agree, it's a mix of more housing supplies, both non/for-market housing, enforcing hard cap rent control, and highly taxing investment properties. Housing is for people, not profits.

Had the pitchfork ready. Glad I took the time to listen. We can't count on the government to get us out of this. Their plan is to do this, but give it to huge wall street companies like BlackRock. Tell your politicians no to wall street and yes to this. ⬆️

I got involved with a group that had bought the apartments they were living in when the building was converted to condos, and a manager was hired to manage it, adding to the association fee. Because the owners were elderly and easily scared, they were repeatedly scammed with continual "emergency" repairs by contractors that were associated with the manager. It wasn't until I got involved and demanded expense accountability that they were stopped and a new agency was hired. When my unit was involved in a divorce settlement, there was no one with savvy to oversee the new agency when I moved out. Greed and the lack of human concern remains the major obstacles in anything these days.

Really enjoyed this video. I'm constantly asking myself what kind of solutions can help ameliorate the housing situation in Canada. I appreciate all the research you put into the videos and of course the fantastic presentation!

One of the problems we see with Non Market housing in NYC is that it’s often seen that the non market housing is some of the worst quality and least maintained housing. Most of it is subsidized, because like you said breaking even is still way too expensive for many tenants to pay. It spirals into needing lots of funding to support the housing (aka not being able to get as much funding as needed, and then the overall quality goes down)

This is happening all over the world in major cities.. I like the idea of a decentralized model of housing.. Great video!

This video was so well done! My ex nannied for a couple in co-op housing and it was soooo nice. They were so cheap ($1100/month for a 3 bedroom) And nicer than even the newer buildings at double the rate. Additionally this gives renters a bit more of a sense of agency. Their particular co-op voted on changing the courtyard, intended to be grass, into a community garden. They all voted to increase rent by $50/month for 5 years so they could put solar panels on the roof and once they were paid off rent would go back down. It was truly incredible. I wish more housing was like that! Additionally one of the other problems not mentioned is that landlords are scum because of their profit motive. Like, a lawyer or doctor is incentivized to treat their customer with respect and work on things as soon as possible and keep their customer happy. Landlords will take months to fix a leaky toilet then keep your damage deposit for the damage their inaction caused.

One thing I give credit for is the units you showed being built actually look nice and not ghetto construction. I think that is another problem with zoning is people never want apartments in their neighborhoods because they are always built cheap and somehow use the ugliest designs. It doesn't make much of a price difference to build something pretty.

I've lived in Vancouver since the 90s and it frustrates me how slow (re)development is because of zoning laws, regulations, bureaucracy, resistance from residents, etc. so housing supply, market or otherwise, is limited. The low-income/affordable housing that the government is prioritizing would only serve a fraction of the population. Good video.

The reason non-market housing can get so much relatively cheaper is that the supply of housing was unnaturally restricted. There is a certain NPV to a building and if property values aren't being pushed up by supply limits then you are just back in the a bit cheaper but not much situation. The stabilization in Vienna is just about building *enough* housing period. Of any kind. Look it's nice if people build non-profit housing other things being equal but having lived in places like Berkeley my fear is that dislike of developers and landlords means that non-profit housing will be used as an excuse to leave barriers in place against profit housing.

When Oakridge said, "Dance is part of life" I really felt that.

Terrific video. The Vienna example cannot be talked about enough, and you explained clearly how it can impact affordability. Fingers crossed for the 2023 ballot initiative in Seattle!

The trick is that you need a government to back up these coops. For example make it easier and cheaper for coops to develop new building than it is for commercial developers. There are other ways to help them out of course.

Absolutely stunning content coming from a newer channel. You're going to hit a million in no time. Incredible production value! subbed.

The price of the land makes a difference. Here in Quebec a lot of (non-equity) housing co-ops were built in the 80's and 90's on lands given on rent by the City or a Church. If well managed, they can now offer very affordable rents to their members (600 CAN$ for a 2 bedrooms in a very central neighbourhood of Montreal). If you have to buy the land and pay for the construction of the building, it's a different story, especially now that the prices have skyrocketed pretty much in every big city in Canada. Love your videos btw ;)

Very well done. You did your research and presented some very good options. I like how you "gently" discussed how NIMBY's have really made our housing problem worse. I see them and the, "I have mine, you go somewhere else and get yours." Canada and the US are very much alike with this problem. Thank you for bringing a real solution to light. Like you said, it's not a silver bullet, but it would go a very long way in helping solve the problem.

In The Netherlands the plan is to have at least 30% of social (corporation) housing for every new housing project (if the municipality doesn't already exceed 30%).

What I like about these videos is that you give us the power to take action. It's more than just empty information, thank you for providing good news

Getting an ad for a get rich quick scheme about flipping Airbnb mattresses was the icing on the cake while watching this video.

And here i am sitting in a 3 bedroom appartment in Hamburg, Germany - paying 900 euro per month and wondering, where it all went wrong in Vancouver.

Love your channel man! Watched your waterfront walkway video, and this one about co-op housing, your topics and research are right-on the money - literally.

the biggest advantage of non-market rentals is that once the mortgage is paid off, the rent goes way down, even with maintenance costs increasing as the building gets older. Non-market housing is pretty in certain countries like austria, and that's exactly what's happening there. edit: well shoot I should have finished the video before commenting shouldn't I? lol

My Grandmother lived for 25 years after she retired. Her retirement did not keep up with inflation. She told me that had her house not been paid for she wouldn't have been able to survive. For this to truly work, there has to be a path to ownership so that seniors on fixed/low incomes will be able to have security in their old age.

I've been thinking about how boarding houses might make a comeback. You have your private space, but many of the amenities which are often needlessly duplicated are shared. Meals and maybe cleaning included. Would be great for young people that are becoming more independent, but maybe can't afford their own place and perhaps can't cook. It's basically what college dormitories are.

Interesting to include Hong Kong in the comparisons. It's wild the difference in that city and how extreme it is the price of private vs "government" housing and the limits on who can buy non-market housing. Overall well done with the video! Great production quality and I enjoyed it.

Great vid Uytae! Cheers from Dartmouth - it's great to see your videos are getting much deserved recognition. You're a hardworking and talented dude. Enjoy the west coast!

Social housing is provided in the Netherlands by co-operations too. At very cheap prices of maximum 700 Euros, 550 Euros even after tax break. The downsides are: long waiting list of 10 years and people who earn too much can stay in their houses for ever. The co-operations are semi-civil servants, so the government has decided that granted asylumseekers can at the nr. 1 spot on the waitinglist.

Damn $1900/month is still crazy expensive! My current rent is about $1700/mo and my gross income monthly is about $3K. After taxes it doesn't leave a lot left over. I'm working on increasing income eventually.

I’m American and studied at Emily Carr , I have never been to a city more in need of affordable housing than Vancouver; a place who’s main market is housing rich people meanwhile nearly 5 thousand homeless people try to survive. Thank you for this educational video!

Vienna,Austria has the right idea. Great video!👍 People first, not profits. Totally agree.

“Only 1900$ so cheap” literally my current monthly income 🤣

In my country (Czech Republic, central Europe) is a co-op still a pretty significant part of all the buildings, especially in bigger cities. Some of them were transformed into "unions of owners" with basically the same responsibilites. How does that work? Imagine a multistory "soviet style" prefab building with 5-10 entrances. Usually, as each entrance has a separate section of the house, each such entrance (part of the prefab) has it´s own "board", occasionaly few neighboring ones have one common (especially in 3-5 story prefabs). This "board" is voted for few (usually4) years FROM PARTICIPANTS of said co-op/union, and their responsibility it to do solve maintenance issue, run reserve fonds (for repairs and such), schedule improvements and renovations (elevator, painting, insulation, roof repairs...), communicate with city office and utility providers, run contracts with such etc. The key part is that such co-op here is OWNED by either people living in those flats (or their family members), making it a ownership union, or you have a co-op owned units "rented" to members. But both ways you are paying a huge money by moving into such housing (you basically buy yourself in, co-op membership or owner for market price). Co-op may be harder to sub-rent for others, but besides that you are basically owning the building (or its part) together and vote some of you to take care for amenities (for small charge). That´s it. Every year you have a meet up where cash-flow and plans are presented, new fund payments are presented and voted for (majority wins). It is relatively low, hundreds of dollars at max. But the initial investment is high. -------- Canadian coops look different from what video present. We also can have government help in these in terms of loan (discussion started after 30 years of pause), but every new co-op would need to get its funding from somewhere BEFORE it proceeds to building stage. It would be basically like setting up a new non-profit organisation where all future tenants will be participants and their share´s price will be according to square meters of their (future) flats. And people can go and new can come (if there is a space) and everyone is ruled by house-board. Many times you cannot even sell the flat to anyone you want from the street, you need to offer it to others from the union beforehand (usually a 1 month notice). I like this system and it has multiple pluses. Can it work in Canada?

I never knew the name of this concept or really if it was done anywhere! Thank you!

Great video, really shows the need for a follow up video on the reasons why non market housing virtually stopped for nearly 30 years.

In "my" countries which are Croatia and Greece, there is too much focus on owning rather than renting. The "help" given to younger people (with an overwhelming advantage to people with children while neglecting anyone who can't procreate or chooses not to), is often in some specifically designed mortgages, sometimes for specifically designated housing units. It means that 1) people still need to be able to afford a loan (will not go into many details about it, and it differs between the two countries), 2) smaller interest rates of these special loans lead to even higher prices, as market always adapts to an idea that buyers could pay more, 3) (this for Croatia specifically) if it is a property designated for "affordable housing", some people will buy it and then rent it out resell it for market prices as there are no enough strict rules who can get it or what should they do with that - the only criteria is that they have to be younger than some age limit and they need to be a family, a couple with one or more children.

Oh no, I loved your video until you mentioned Vienna, Yes 60% live in non-market housing BUT 100% try to get into non-market housing and the waitlists are crazy long, I am in a waitlist for 10YEARS now. And while it’s subsidized, for those 40% it feels like they pay for the other 60. And those 40 are NOT extremely wealthy people. There is a lot of corruption in the decision making and f who gets a non-market apartment in a good area. Such as politicians or their friends. Always happy to talk more about this if anyone is interested. And yes it is not all bad, but the bad is really bad.

Incredibly informative video! While non-market housing and increasing supply is the main take-away, some counter-measures can be taken to lessen the blow of rapidly increasing rent prices, that of governmental regulation that gives power to the tenant. Here in Quebec, tenants have a lot of rights, such as the right to remain, where you cannot be evicted unless they have a really good reason (renovictions are NOT a valid excuse) such as not paying rent or breaking building rules and the right to refuse a rent hike if one believes it to be too high, where either the tenant and landlord must negotiate or the government steps in and fixes a price that they believe is fair (usually a 3-5% increase per year). There are plenty of other rights, but I find these to affect rent the most. This causes rents that are more than fair for living in one of the biggest cities in Canada, with the highest rents I've seen (in luxury high rise apartments in the center of downtown) in Montreal being on par with some of the lowest shown for Vancouver in the video (about 2400 for 2br). Of course there are other rights afforded to the tenants, such as security deposits being illegal (landlords can ask for the first month's rent up front or part of it but nothing more), or how the apartment must be able to let the tenant have a peaceful enjoyment of the apartment, such as no bug infestation within a building or free of excessive noise.

This is very quickly becoming my favorite channel! Thank you for the insightful and important videos

Zoning in North America: **year long arguments and protests over one new building** Zoning in Sim City/City Skylines: **Haha I made everything high density zones and I'm the mayor so I can do whatever the hell I want**

I think it's always good to have a set of solutions to a problem. In this case, fixing zoning and nimby, non market housing, public housing, etc. However, in Canada the problem is mainly zoning. That's the biggest difference between Vancouver, and Vienna.

You have the best, most nuanced, and expansive deep dives into these topics!! Appreciate it so much

Great video! As a conservative I'm a big fan of Co-ops and, as a rural American, grew up getting my electricity from one! They are often overlooked solutions to competing and controlling a capitalist economy without removing basic market freedoms!

I really enjoy your work. It's just discussion, I never feel like you're trying to take down the otherside, and you bring real examples. Whenever I think "Okay, but there's also this to consider" and go to start typing you say "Okay, but there is also this to consider". Wonderful.

Thank you for making this video. I have been preaching, and teaching, this principle to people around me for years as a building contractor. It makes me very happy to see this message put together so well, and reaching a larger audience. Thank you!!!!

Thanks, a great video! The idea reminded me a little of that "boom" of cheap and affordable houses in USSR in 70s (spoiler: it's not a good idea long-term). But this approach pretty much looks like a compromise between the two, pretty interesting

As a third floor apartment renter, I appreciate having a second stair case (mine is outdoors though) because it means I have a second means of a escape for more things than just fire. If someone were to intrude in my apartment, they can’t block both exits. My second staircase doesn’t even exist for fire safety because the whole thing is just wood haha. I’ve noticed we’ve stopped building and started taking down external fire escapes, and I’m curious about that.

Fantastic video Uytae! The breakdown of scenarios, players and costs when it comes to housing and solving our housing crisis makes your content digestible and actionable for everyone from youth to seniors, renters to developers, voters to politicians, and everyone in between. I'll be sharing this with my newly elected Council. Hope you get sponsored by VanCity!

I see a problem with non-market housing, how do you decide who gets in?

The fact that non-market housing lowers the cost of all units in a market (provided there is enough of it) is a perfect counter argument to the faux YIMBY "just build more luxury apartments to lower the cost of rents in the city" argument that's been driving me crazy on my hometown's subreddit when arguments about affordable housing come up.

Admittedly I wasn't alive during the height of CMHC investing, but I still always bring it up. I want the federal government to fund housing - especially as people travel across Canada to seek refuge in Vancouver, and we have so much room for them if we just rezoned.

I love your videos! Super informative and easy to digest. Love that you cover a variety of topics too! I live in San Francisco and I have a planning/housing background so can relate to a lot of the content here. I had a friend push about starting a co-op but I just shrugged it off. Will have to connect with him again. I truly hope something major could change our economy and political climate to realize these viable solutions.. for starters policy changes around co-ops, additional funding or taxes on private developers, and also funding for rehab projects. Affordable housing projects become rehab projects and also face challenges later on down the road because of maintenance costs. Should be a fund for that.. anyway keep up the good work!

One of the insidious things the student residence I was at tried to do was increase the rent of the basic room more than the room with AC. Encouraging students to switch to AC rooms and pay an extra $100 per month for a feature only important half a year.

Fantastic video! Clear presentation, without hype and exaggeration. Really balanced and informative. Fist video = thumbs up and subscribed!

The graphics are crisp, script is amazingly paced, and content is well researched. This is fantastic - can't wait to see more!

This guy is great. I like each new video of his more and more. He actually confronts these issues in a way we can understand instead instead of just going around them in circles like most political talking points do.

Thank you for this valuable contribution to the conversation on Canada’s housing crisis….of course it’s only a crisis for those of us without affordable housing and there’s a whole bunch of us. It’s so interesting for me to see the people thriving at my workplace, and so often those very people have affordable housing!! Affordable housing for everyone is important for our population to thrive!!

So glad to know non-market housing is now available. Those people behind involved in the setting up non-market housing are real heroes to our society. You should be so proud of yourselves. In fact, our government should consider building government owned housing as well. That will bring us the hope to solve housing and homeless problem.

As a business owner that has invested a lot of time and effort into providing services for co-ops I can say that, even for some of the shortcomings and human effort needed, cooperative housing IS a solution to the housing problem. I'm proud to work with CHFBC and with the members of numerous co-ops.

Great video, and nice to see a progressive credit union highlighting its role in facilitating this activity (unlike corporate banks). I'd add the importance of Community Land Trusts here, where a plot of land is taken off the market and placed under control of a local non-profit. The concept is also non-market, but can be used at any scale to make housing permanently affordable both for large cooperatives and for smaller single-family homes.

Honestly just came by this channel and i love it. Not even because of what you talk about but the edit style, narration style. Its very similar to verisatium and old vsauce and i love those channels

Thanks for making this video. We need this in America.

Just discovered your channel and you're incredible! If you put these out regularly you'd basically be the Johnny Harris of housing. Really hope you keep making these!