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submitted 1 year ago by sbv@sh.itjust.works to c/canada@lemmy.ca

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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[-] bionicjoey@lemmy.ca 3 points 1 year ago

If wages increase but housing demand remains significantly higher than supply, housing prices will just inflate. We need to build a lot more homes.

[-] FarceMultiplier@lemmy.ca 1 points 1 year ago

We definitely do, but people seem to think that's a speedy election-cycle process.

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

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