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More than 1,000 modular homes now confirmed throughout B.C. — 1 Comment

  1. The government should get out of the housing business and let the private sector solve the problem.

    Take all of the money spent on public housing and return it to real estate entrepreneurs. Make the first $50,000 in rental income tax free. Allow rental properties to be depreciated at 20% annually, instead of the current 4%.

    If the government dared to take these steps, you would see such an explosion in new rental property construction and conversions, the homeless and low vacancy problem would be solved in 5 years.

    But it will never happen. The present system will endure because, as Glenn Reynolds opined, there are more opportunities for graft.