Quote:
Originally Posted by CliffFletcher
Home ownership rates in Switzerland are 36 per cent and in Germany 46 per cent (vs 69 per cent in Canada), and those are two of the most affluent, stable countries in the world.
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Germany has an extremely controlled renting scheme, that was only really possible to put in place due to the devastation caused by WW2. The government was able to build planned and controlled rental infrastructure. In order to do the same thing in Canada, you've have to tear down a quarter if the existing structures and replace them with planned and heavily controlled rental stock.
Emulating Switzerland's economy isn't really possible. That's like saying why can't everyone just be rich like people in Monaco. Switzerland and Germany also both have massive underclasses of largely immigrant populations, that have zero hope of getting ahead. Many can't even get citizenship Germany has about ten million people living there who cannot get citizenship and act as cheap labor, not really a model Canada is looking to follow. Although by shutting people out of home ownership, that's de facto where we are heading.