Well then if they don't want house values to go down, maybe raise the minimum wage to $250 an hour and pensions to $200K a year?
Re: The Real Estate Bubble That Can't Pop
Posted: Fri May 16, 2025 9:40 pm
by Dr Strangelove
I see what you did there. His record is SHIT but he is at least addressing the elephant in the room about the supply side. He is getting a lot of flack about not wanting to lower housing costs but there are sacrifices to be made here and we are currently sacrificing the youth future for a stable bank account for the seniors. The only off ramp is the old will die off but that is nowhere near fast enough to unjam the mess of supply old home owners holding onto housing for ONLY financial reasons need to be shown the door with a soft landing but they need to be ousted to make the market manageable again. It will take DECADES for the feds to get up to speed making low income housing so there needs to be serious effort put into forcing the rich to part ways with surplus houses.
Fifteen Metro Vancouver mayors warn mandatory density and zoning have triggered backlash and chaos
Eby is doubling down on provincial housing reforms, dismissing mayoral opposition as predictable resistance, and betting that voters will reward decisive action on affordability