Quote:
Originally Posted by blankall
The problem with doing that is you see some pretty dramatic swings in the cost of living in BC. There's been years where rent has increased 20% in a year. A lot of organizations simply won't have the ability to absorb a corresponding wage increase like that.
Our economy, in Canada generally, is fundamentally flawed right now where cost of living is growing far in excess of other metrics. No wage earners inside or outside of unions/governments are seeing their wages increase with the cost of living. It definitely seems like a reasonable demand to have wages increase with the cost of living, but how do you have one sector of the economy just keep up with that?
If it's just government employees getting more money, they are going to have unfair advantages over other wage earners. If it's all wage earners seeing the increase, you'll just end up with inflation. You can't spend your way out of a housing shortage. if you want rent to be cheaper, we need to have more places to rent.
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Could give a #### about having a place to Rent, there's more than enough of those, I'd like to be approved for the Mortgage that'd be less than 60% of my current real rent cost (not including utilities) without having to provide a ####ing 40% down payment. Meanwhile there's thousands of asshats out there getting approved for their 10th mortgage (off the collateral from other properties they've yet to fully pay off) for a pure rental property that they proceed to gouge people like me for the priveledge of more than completely subsidizing said mortgage. 10/10 system.