Quote:
Originally Posted by HockeyIlliterate
Housing, as it relates to the economy and government policy, is a curious thing:
The vast majority of the citizenry want housing to be affordable.
Simultaneously, the vast majority of the citizenry want housing to be a good investment.
Without sustained wage and population growth, it is very difficult for both desires to become reality over any specific period of time. And even then, it may not happen...
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It's the generational divide at play again. Baby boomers, who already own property, sucking from the economy via risky and potential disastrous fiscal policy at the expense of younger generations.
I know a lot of people are joking about it, but it's a serious issue. Young people foregoing careers, parenthood, home ownership, entrepreneurship, etc... Baby boomers telling them to work harder while they reap the benefits.
This is Canada's major societal issue right now. And it's unlikely anything will be done to address it. As you've mentioned, people who already have houses like the "investment".