Quote:
Originally Posted by Slava
I see what you're trying to get at, but to me the housing issue is next to impossible for a government. It's basically
"we should really do something about the cost of housing and make things more affordable"
"great idea! So, you're cool with the value of your place dropping by ~20-30%?"
It's just a non-starter for current homeowners, for pretty obvious reasons.
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I don’t see why people should be outraged at a 20 per cent drop in the value of their home if it has gone up 20 per cent in the last few years. People in for the long haul would shrug it off. It’s mostly the investors and flippers who would get burned. And they deserve to get burned.