Affordable Housing

Affordable Housing Why is Rent So High in Yellowknife? [...] Construction Over the Last 5 Years For Sale Units for Rent 24 Units Public Housing Units 600+ Units 38 Units A Parallel Example Melilla’s raison d’être is defence. [...] That results in higher rents impossible to afford for many other workers or unemployed people. [...] Rentier State Economies Petro States Strategic Locations & Military Bases Tax Havens NWT as a Rentier Economy Income Distribution What People Can Afford to Spend on Housing Situation Annual Income Monthly Housing Expenditures What to Expect Dual Income Gov’t $204,000 $5,700 Purchase house around $850,000 Single Income Gov’t $102,000 $2,850 Purchase around $425,000 Single Income $50,000 $1,390 Rent [...] Politics - Short-Term Zero Sum Game Two Speed Labour Market 1. The land owning employees of the government, government suppliers and management/ownership of non-tradable 2. Everyone else Recommendation #1 City of Yellowknife: Don’t just sell land.