48
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 03 Sep 2024
48 points (100.0% liked)
Canada
7106 readers
253 users here now
What's going on Canada?
Communities
🍁 Meta
🗺️ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
🏙️ Cities / Regions
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
🏒 Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montréal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown - Toronto Blue Jays
Basketball
- List of All Teams:
unknown - Toronto Raptors
Soccer
- List of All Teams:
unknown - General Community: /c/CanadaSoccer
- Toronto FC
💻 Universities
💵 Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
🗣️ Politics
🍁 Social & Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
That has never been the goal, it's not the goal of ANY of the major political parties because it would be political suicide.
For housing to be affordable, current house prices would have to drop significantly, which would means loses in the hundreds of thousands of dollars for most home owners, and 65% of the current residential properties are owned by the family that live in them (the majority of voters)
I, for one, would not mind if my property value stagnated or decreased so that others could have a better life.
But I'm not most people, nor am I in a decision-making capacity.
It's also worth saying that I live in a single family dwelling on a larger than normal city lot, so I recognize that I am a part of the problem and still wouldn't want to change the way I live.
For many homeowners their home equity is their only remaining retirement plan.
Maybe you are fortunate enough not to be there but many are so any government that makes moves to reduce that equity will be gone the next election cycle.
Want a single detached house? Start climbing the property ladder in the middle of nowhere not presuming it’s realistic to start at the top in a major city anymore.
Hard truth gonna get downvoted. Pity.
I'm not that fortunate, but I recognize it's better for everyone else anyway.
Home ownership isn't my retirement plan, I just want to own where I live.
In the end I'm financially fucked, it's remarkable I got a nice house at a good price anyway.
I can't hold a generation hostage over my finances. What am I, a boomer?