this post was submitted on 20 Jun 2024
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Sorry but any analysis of real estate economics that does not take into account the scarcity or abundance of ...land is just pointless.
Singapore does not have a Brossard to connect with a REM to build a new urban core. Even more, it does not have multiple options for different places to develop and densify, like Montreal has, just based on the current plans for the REM, and without taking into account future transit projects or the idea of, oh I don't know, creating an Ottawa-Montreal megacity with HSR.
Explain why they don't because to me it's obvious.
Yes but we are not talking generally about the correlations, we are specifically talking about Singapore which you brought up as a place where many policies are implemented and there is still a housing crisis. My response is that the Singapore scenario suffers from extreme scarcity of land which would explain a lot of Singapore's problems and is therefore not a good counterargument for the Canadian context which is very very difficult.
You misrepresent what I'm saying. I'm saying that the constraints in one vs the other country are so vastly different that you can't draw direct conclusions.
I have no idea how the Singaporean society and economy functions. Maybe they need more space for factories and vertical farms. Maybe the previous situation was too crowded to begin with and they are taking up more space. I don't know. Do you?
And regardless, it's up to you to explain why the real estate market of a tiny island city state is a useful paradigm from which to learn policy lessons in the second largest country on earth. It's a counter-intuitive position, so the maxim that extraordinary claims require extraordinary evidence applies.
No I am not. I am not even defending: I did not reject off hand your position, I said it is implausible based on what I know, explained why I think it is implausible and asked for you to explain why you think it isn't. It's dialogue, not sparring.
I don't even have to provide "proof" of policies working. You are the one that said none of them would work, i.e., you're the one that makes a blanket statement. I'm saying try them all, some combination will probably do it, because these all sound like good ideas that are also not mutually exclusive. You're asserting something logically stronger than me, so you're the one with the burden of proof.