A Quote by Rafael Vinoly
There are only two markets, ultraluxury and subsidized housing.
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You know, even in the economic downturn in Alberta, there are restaurants in Calgary, and even in Canmore up the mountain, that cannot open for lunch because they cannot find staff. And they cannot find staff because there's nowhere for those people to live. And so safe and decent housing, market housing, subsidized housing, the whole bit, we really, really need to have our heads on straight on this, and we don't yet.
If the Government put people before markets, it would build more council housing - a form of public investment in housing that pays for itself while offering refuge to those who most need it.
Until we stem the housing correction, until the biggest part of that is behind us and we have more stability in housing prices, we're going to continue to have turmoil in the financial markets.
All of my childhood, we were on welfare. My mom received Aid for Families with Dependent Children - welfare. Without that, we wouldn't have had subsidized housing. Most of my childhood, we had a two-bedroom apartment, but eventually we got into the projects, where we had four bedrooms. That was great.
Technological advance often thrives in sheltered and subsidized markets, which defy free trade.
For people on social assistance, the loss of free dental care, prescription drugs and subsidized housing can greatly outweigh additional income from working. We've all heard the stories.
From 1947 to 2001, the American economy grew annually at a rate of 3.5 percent. After China got into the World Trade Organization, got access to our markets and flooded our markets with its illegally subsidized exports, we grew at a rate of 1.8 percent from 2002 to 2015. That's almost cut in half.
I think housing is not a simple commodity because we are so in short supply of land. So the government has a role to play in providing housing - decent housing and affordable housing - for the people of Hong Kong.
I was on subsidized housing for many years before my financial situation changed. I quickly found myself in a new economic structure and, frankly, knew little about how to handle my money.
Colombia was a big wheat producer in the 1950's. That was eliminated by what sounds like a nice plan, called "Food for Peace. " It's a plan by which US taxpayers subsidized US agribusiness to send food to poor countries. This, of course, destroyed the domestic agricultural markets of these countries, opening these markets to US agribusiness.
Since the dawn of civilization, markets have been ubiquitous. Many of us have benefited from their focus and efficiency. Yet two widely held beliefs - that markets are best left unregulated and that markets are inherently benign - are naive and outdated.
Having spent years ruining the housing markets with their interference, leading to a housing meltdown that has taken the whole economy down with it, politicians have now moved on into micro-managing automobile companies and medical care. They are not going to stop unless they get stopped. And that is not going to happen until the voters recognize the fact that political rhetoric is no substitute for competence.
I can remember the time when, if we wanted a house or housing, we relied on private enterprise. In fact, Americans built more square feet of housing per person than any other country on the face of the earth. Despite that remarkable accomplishment, more and more people are coming to believe that the only way we can have adequate housing is to use government to take the earnings from some and give these earnings, in the form of housing, to others.
I have two interests in life - markets and women. Both are concerned with four letter words - markets with the risk and woman with love.
We can't keep limiting ourselves when it comes to housing. Affordable housing and teacher housing are too crucial to let the failed policies of the past get in the way.
Fannie and Freddie made two-thirds of all subprime mortgages. That is not a free market institution. That entity, along with the Fed printing too much money back in '03 and '04, caused the housing collapse. So we need to take free markets seriously. That means we have to put an end to all these tax credits and tax deductions and loopholes.
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