Quote:
Originally Posted by chedder
If you don't allow investment in residential real estate, how do you have rental properties? Not everyone can or wants to own a home.
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The main problem isn't lack of supply, the main problem is lack of
available supply.
Deep pocketed investors/corporations/private equity firms buying up units in bulk is why prices are soaring.
The government could use taxation to solve the problem, but I'm not holding my breath that they actually will. They are in cahoots with their corporate donors and likely won't do anything to agitate them.
And yes immigration rates probably need to be cooled off for a while until the situation improves. Again the government has shown no willingness to do this.