Tag Archives: Vacant houses

When the Invisible Hand Fumbles: The AIRBnB Phenomenon

[OPINION/EDITORIAL]

It’s pretty common knowledge that we have a housing crisis on Cortes. In fact, there’s a “housing crisis” in many — perhaps most — popular or attractive places in North America and Europe right now. One of the factors often mentioned is AirBnB. This phenomenon (AirBnB now has global impact and qualifies as a Phenomenon!) vividly illustrates the predicament of “good for one is not necessarily good for all” — also sometimes known as “smart for one, dumb for all”.

Continue reading When the Invisible Hand Fumbles: The AIRBnB Phenomenon

Who WIll Be Left? Cortes Island Housing crisis

[Editorial by Bill Dougan, reprinted with permission and some editing; this article first appeared in Tideline on Jan 15, 2021]

As long as I have resided on Cortes Island, housing has been an issue. In my earlier days many folks had housing most of the year, but would move out to allow the owners to enjoy their property during the summer months. This was not an ideal situation but it now appears, in hindsight, the Good Ol’ Days.

This year we have 18 families residing on the Gorge Harbour Marina Resort property; most of these people are here because they cannot find a place to live. Some of these people have lived on Cortes Island for years, built a life here, have friends and children here… but now find themselves with no place to stay on a permanent basis .

Continue reading Who WIll Be Left? Cortes Island Housing crisis

Taxing Vancouver’s Empty Homes

By Roy L Hales

Screen-shot-2014-03-18-at-3.43.47-PM

Vancouver’s real estate values have skyrocketed 280% since 1986, while wages have only increased 7%. A new report shows the affordability crises impacts both renters and homeowners. The average westside home was selling for $1.4 million last May. Though 10,800 housing units have been empty for more than a year, [1] only about 337 available as rentals. [2] This suggests that speculators own many of the vacant units. City staff recommend taxing Vancouver’s empty homes.

Continue reading Taxing Vancouver’s Empty Homes