Comments by "UzuMaki NaRuto" (@UzumakiNaruto_) on "Freeways almost ruined San Francisco" video.

@MVargic ' If more apartments could be build, prices would drop as this demand would be relieved. ' This can only happen if a) You prevent many if not most of those new units from becoming AirBnBs or other short term rentals and more importantly b) preventing foreign investors from buying up new housing units as they're being built while people actually living in the city can barely afford any of the new units because prices keep going up rather than down.
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@MVargic That would depend on the city you live in. I live in Toronto which has an ever increasing amount of people moving to here each year. There are cranes everywhere building condos all over downtown and rents are still generally high in that area. Even outside of the downtown area rent is often still pretty high and very few condo buildings are built for the purposes of affordable housing so even though you see tons of new buildings going up, most of it is still unaffordable for many people living in Toronto or those who want to move here. Maybe if we stop foreign buyers who often buy for investment rather than living from doing so or at least charge them a heavy foreign buyer's tax, then perhaps housing prices might finally come down abit.
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1960s - The people of San Francisco save their city from freeways 2000s - The people of San Francisco allow their city to be overrun with bums, drug addicts and criminals
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@krombopulos_michael I disagree somewhat. I mean people living in Canada are always going to be the predominate buyers/sellers of property, but that doesn't mean there aren't many foreign buyers who buy real estate here to park their money as an investment or as another home that they can use when needed and these people usually buy in the best neighbourhoods of the GTA and thereby drive up the prices in those communities even faster. This in turn drives up prices further and further out into the suburbs until you really have to go far out to places like Pickering or Oshawa or much more north or west to find something affordable. Also many Canadians buy multiple homes for investment as well so that's alot of properties that are being owned by wealthier people and anyone who's looking to buy their first home is also impacted by that. As for Airbnb, they have thousands of units across the GTA everywhere so that takes away inventory that might otherwise be used as long term rentals or have people purchase those homes for actual living in. There are a number of condo buildings in the heart of Toronto that have tons of Airbnb units to the point that that has become what they're known for and its why they have had a number of violent incidents in addition to the regular noise and disturbance issues that plague people who live there. Also Toronto/GTA is constantly building more condos and housing construction everywhere, but the thing is how much of it is affordable and are the right kind of housing to meet the needs of the people? 20-30 years ago you could buy a pretty decent sized 2-3 bedroom condo that you could raise a family in for not too high a price, but now if you want to buy a similarly sized condo its going to cost you a ton depending on where you're buying. The best way to improve things is to slow down the number of people coming to Canada and the next best thing is to build more condos that are large enough to raise at least a small family in, but what developer is going to do that when they want to maximize profits and sell as many units as they can for the highest price that they can?
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