Quote:
Originally Posted by Fuzz
You seem pretty out of touch. Homes and second homes shouldn't be investments in a country where many can't even afford their first one. By it's very nature, what you want is to make that even harder.
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I don't want to make it harder and I'm not against reasonable restrictions on rentals or investment.
But I'm not for a complete ban on all things the middle class has used for financial mobility while the real wealthy laugh at these discussion and make record profits year over year.
I've also always been very vocal against the real issue that caused massive property escalation in Vancouver/Toronto which was foreign money investing through wealthy immigration.
"Students" buying up dozens of properties and $10M mansions with money being sent over from China.
But you won't touch that one, cause can't dare say anything about immigration and risk looking racist. Better to just blame your neighbour and his 1 rental condo for everything and watch nothing get better.