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"Canadians Present A Major Threat If They Realize They Won’t Own A Home" says Canadian police force (betterdwelling.com)
submitted 8 months ago* (last edited 8 months ago) by bigboopballs@hexbear.net to c/news@hexbear.net
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well fucking DUH

Canada is facing a number of destabilizing forces — like climate change, disinformation, and young adults never owning a home. That’s the take from an internal RCMP report called the Whole-Of-Government Five-Year Trends For Canada. The report is a “scanning exercise” on evolving risks for law enforcement to monitor. It puts the fact that many people under 35 will never own a home, on par with disinformation and climate change.

Police Worry Canada May Be Destabilized If Young People Realize They Won’t Own A Home

One of the concerns law enforcement is warning about is the impact of eroding economic conditions. Especially when it comes to young adults.

“The coming period of recession will also accelerate the decline in living standards that the younger generations have already witnessed compared to earlier generations,” reads the report.

Canada may have seen a pandemic economic boom, but it was largely related to rapidly appreciating real estate. Unfortunately, that doesn’t apply to young adults who saw housing get further out of reach.

“For example, many Canadians under 35 are unlikely to ever buy a place to live. The fallout from this decline in living standards will be exacerbated by the difference between the extremes of wealth, which is greater now in developed countries than it has been at any time in several generations,” warns the RCMP.

Wealth disparity is bad enough, but what happens when that wealth disparity is driven by shelter disparity? It’s a problem not typically seen in advanced economies at scale.

The writing is really on the wall now. And yet, the working class sleeps...

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[-] MonsiuerPatEBrown@reddthat.com 52 points 8 months ago* (last edited 8 months ago)

The US The American Dream of owning a home was to put mortgages on the backs of Americans to fight the Red Scare of the 1920s.

Because people with mortgages don't go on strike or protest.

Drink deep, Canada.

[-] EllenKelly@hexbear.net 40 points 8 months ago

the first time I was told this it changed the way I think about everything, I felt like such a sucker buying into it

[-] tombruzzo@hexbear.net 37 points 8 months ago

Debt has a crazy strong influence on people. David Graeber's book on debt talks about how it has been a major influence on just about every event in history

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this post was submitted on 16 Mar 2024
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