Quote:
Originally Posted by Jason14h
And the fact Canada’s entire economy is based on laundering money out of Asia and creating equity through housing
It isn’t completely a supply and demand issue - per se - if an unlimited amount of capital is looking to hide in your country in the form of real estate
Your solution would see housing prices drop ( in theory ) meaning that owning a home wouldn’t contribute to the inequality , meaning the spread would get closer for the middle and lower class, and widen between the current home owning middle class and the upper class / upper upper class
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In fairness this is British Columbia's entire economy, the rest of Canada does other things, no one in Shanghai is buying a condo in Prince Albert