Quote:
Originally Posted by blankall
Seniors staying in their detached homes past the point they need to, or in many cases can, be there is a huge societal problem. There's a massive housing shortage for young families.
If a senior can't upkeep their home, they should downsize to a condo. Instead we have families crammed into the condos.
This is part of a bigger issue of baby boomers being detached from reality. Back on topic, it's shocking how many baby boomers are carrying debt when they should have money saved up for retirement. Instead of saving they're just taking advantage of Canada's fiscal, zoning, and foreign investment policies which have pushed the value of property through the roof. Essentially forcing young people into cramped living spaces and then forcing the ones that get ahead to spend their lives paying off their homes, inheriting the massive debt levels that there boomers created.
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This is so bad.
If someone bought property with their own hard earned money they can do whatever they want with it. Sorry it inconveniences you and the rest of society.