The Vancouver Sun has published an op-ed by Arny Wise that expresses his observations regarding the current housing crisis. Mr. Wise, an urban planner and retired developer, focuses on the impact that investors have on new housing being created, making housing just another commodity within the “free market”. And he outlines his ideas on what governments can do to curb and perhaps reverse this trend, making housing a less attractive vehicle for holding and growing wealth.
As he states at the end, there is no magic bullet to fix this problem.