this post was submitted on 15 Feb 2024
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Over the past several decades, Canadian housing has been transformed into a financialized wild west where the interests of the investor class are sacrosanct and social need is secondary.
Secondary? That implies it has any priority what so ever in the market. It has been shown clearly there is no consideration of the social aspect of housing as an investment. It's how much you can get for your property, that now carries no mortgage (OK, boomer), and how you can fund the lifestyle you've been practising for all these years. Remember, there are no poor people, just temporarily inconvenienced millionaires.
Greed is good. So are the well cooked rich, I've heard.