Recently, Matt Hern has had a book published, it is called What a City Is For; the Politics of Displacement. The author is attached to SFU and well-known in East Vancouver as an activist. The book is excellent exposé on how our property ownership system works to the advantage of some while squeezing out many.
This week there is a great overview of the book published in the Georgia Straight, Charlie Smith provides a good description of the essential arguments put forward in the book. Those of us who live in East Vancouver should pay attention. The current approach to real estate has divorced our city from our residents. Increasingly real estate is seen as an investment, it is not seen primarily as a residential resource.The home ownership markets tend to chase lower income people out, enabling gentrification.
Those interested affordable housing should review the both the case studies from other cities and the proposals that Matt Horne brings forward. They will appear radical. They challenge the status quo. But our fascination with home ownership, in particular, is at the heart of the problem. We need to reconsider both our cultural assumptions relative to home ownership and our way of taxing real estate holdings. A good case is made for non-market housing, and removing the incentives to speculate on this resource.