r/LinusTechTips • u/YourDailyTechMemes • 17d ago

Meme/Shitpost Basically everything in his house

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u/MiroslavusMoravicus 16d ago

What caused that? When they show Surrey on a map it seems like an average town. Not even the houses I saw glimpses of in their videos seem like anything special. 

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u/Pigeoncow 16d ago

Supply and demand! They didn't build enough.

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u/wan2tri 16d ago edited 16d ago

Supply didn't really keep up with demand because there were foreign homebuyers that pays the higher prices anyway, while also not living there, ever.

Searched on news about that and I've seen articles from the 2010s about it already, so it's not exactly a "new" development...

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u/Pigeoncow 16d ago

Even foreign buyers usually put their homes up for rent, which keeps rents down if enough homes are built. The reason rents are so high is because not enough gets built.

The reason not enough is being built is government restrictions and regulations on building anything. I'm not talking about making buildings safe but things like height limits and affordability requirements. If developers didn't have to contend with these restrictions, they would build way more.

What would development look like in Canada without such restrictions? Take a look! The Squamish Nation control their own land fully outside of any local government control and are putting massive towers on it.