To solve Canada’s housing crisis, learn how Singapore nationalized real estate
Substack newsletterSome people may not wish to hear it, but Canada’s housing crisis is not going to improve unless we upend the status quo. Public housing and the partial or complete decommodification of shelter as an asset is a good place to start that work. Housing does not have to be an asset, nor should it.
The model that prioritizes housing as an asset is a great way to develop a feudal class of wealthy landowners, especially rising corporate housing oligopolists. But it’s a terrible way to build a city, or an economy, for that matter. Moreover, public housing in Singapore is lauded for being safe, livable and properly maintained. In countries such as Canada and the United States, public housing is viewed by many with a deep prejudice that assumes not only that such shelter is filthy, dangerous and a sign of social and economic failure, but also that it cannot be otherwise. That perspective is wrong, offensive and deeply counterproductive.
France Dernières Nouvelles, France Actualités
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