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Canada wants to make homes affordable without crushing prices (www.bnnbloomberg.ca)
submitted 11 months ago by [email protected] to c/[email protected]
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In a country with some of the world’s most expensive real estate, Prime Minister Justin Trudeau’s government wants housing to become more affordable.

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[-] [email protected] 21 points 11 months ago

Those two goals are fundamentally at odds with each other.

[-] [email protected] -2 points 11 months ago* (last edited 11 months ago)

Noooot necessarily, but a solution for that is to raise minimum to median wages up to a point that homes are affordable, and keeping existing wealth as it is or taxed. (AKA not happening.)

Big corps, rich lobbyists would cause government to not even begin considering it, it would cause a good chunk of inflation but there's a chance that we could get rising wages to outplace inflation instead of the other way around how it's been.

[-] [email protected] 7 points 11 months ago

That only considers people who are already with a job. Doesn’t solve homelessness.

[-] [email protected] 5 points 11 months ago

That is true. Even now we're getting to a point where you're fucked even if you have a job (or 2, or 3).

Welfare/Disability has to go up as well accordingly.

[-] [email protected] 2 points 11 months ago

Welfare/Disability has to go up as well accordingly.

yeah we pretty much need to double welfare/disability rates

[-] [email protected] 1 points 11 months ago* (last edited 11 months ago)

That will just push prices higher because now you have more prospective buyers for same inventoru of houses on the market.

this post was submitted on 12 Aug 2023
115 points (96.7% liked)

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