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Old 01-26-2022, 12:06 PM   #1067
opendoor
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Quote:
Originally Posted by Table 5 View Post
I know this can easily veer into conspiracy theory territory, but in general non-ownership is basically the type of living our global leaders are pushing the masses towards already. We are told about the wonders of sharing, renting, co-habiting etc. across everything we do...often under the guise of environmental stewardship or social equity. Meanwhile those with actual money and power are busy buying up land, properties, and tangible physical assets like it's going out of style.
I'd argue it's the opposite. Governments have bent over backwards to benefit people who own properties and to facilitate more people buying properties rather than creating a healthy rental market. The number of newly built social housing and purpose-built rental housing units has massively cratered and is a fraction of what it was in prior decades. As a result Canada has one of the highest home ownership rates among advanced economies, with nearly 70% of residences being owner occupied and it's still increasing.
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