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The new Canadian Mortgage Charter explained
(www.cbc.ca)
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this post was submitted on 23 Nov 2023
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This statement was never made.
My apologies, the statement was "every one who's in a house is going to hate loosing that value"
As a person who's in a house and won't hate losing that value, the statement remains false.
I'd also guess that the members of the local anti-gentrification groups also won't hate losing that value; but that's only a guess.
I finally see what you are trying to say. You wouldn't mind losing value in your house, so "the statement remains false" for you.
All i was saying originally is: lowering housing prices would be hard to pull off politically because there will be a significant portion of the 65% of canadians that own houses, that would mind losing that value.
CMHC built and helpt built about a million houses in '45 to '49 because we needed them.
We're soon to be short 3.5 million houses. So build them.
The only discernable difference is that than in '45 the unhoused were already organized and more apt to violence due to the nature of being a demobilized army.
65% of Canadians can get pissed off about it. But the alternatives look worse, and they'll be more pissed off.
Or we can wait until the number of homeowners drops below the number of non-owners (20 years based on the trend of the last two censuses) and see what the masses decide over the gentry then.