Quote:
Originally Posted by CroFlames
The blaming of boomers is tiresome.
Boomers acted the way any rational consumer does. If Millennials and others choose inner city over the suburbs, the markets will respond accordingly. If they choose suburbs, they are exercising their freedom as a consumer same as the boomers did. There was not some Great Conspiracy to screw over future generations by inflating home prices with policy. Are boomers to blame for the continued building of new communities in the deep south and north of Calgary? As far as I can tell, it's millennials moving there en masse.
Toronto and Vancouver housing crisis was not caused by boomers.
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On the blame side you can easily argue that policies reducing down payment requirements, enhancing Cmhc insurance, lengthening mortgage to allow Gen X and early millennials to buy homes all increased home prices. The Boomers just benefited the most from these poorly thought out initiatives.