At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.

Honesty is saying that home prices have to fall. But this is progress.

The Generation Squeeze folks have recommendations.

  • Cows Look Like Maps@sh.itjust.works
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    1 year ago

    Rarely, if ever, has a senior politician in Canada been courageous enough to affirm that home prices need to stall if we truly care about affordability.

    Wow. Such courage. To acknowledge a problem after 8 years of ambivalence. /s

    • ram@bookwormstory.social
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      1 year ago

      Considering his biggest donors are all speculative investors in the housing market, it is actually pretty unwise, politically, to admit that he wants to slow their profiteering.

      I hate that our government is so inherently corrupt like this.

      • sbv@sh.itjust.worksOP
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        1 year ago

        I think that’s where the courage part comes in. They’ve been pretty good about beating the drum for climate change, which alienates some voters/donors, but they’ve only really talked about housing supply, which is a great way to keep the base happy.