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Trudeau takes first step to break Canada’s addiction to rising home prices - The Globe and Mail (www.theglobeandmail.com)
submitted 1 year ago by sbv@sh.itjust.works to c/canada@lemmy.ca
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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.

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[-] ram@bookwormstory.social 10 points 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.works 3 points 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.

this post was submitted on 23 Sep 2023
146 points (96.8% liked)

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