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> It's amazingly fucked up, I'm surprised Canadians are taking it so willingly. Nothing surprising about it, ~69% of Canadian households (and a much higher per
by aianus 10y ago
> It's amazingly fucked up, I'm surprised Canadians are taking it so willingly.
Nothing surprising about it, ~69% of Canadian households (and a much higher percentage of voters!) are homeowners and directly benefit from this influx of capital.
- raquo 10y agoThat home ownership rate includes everyone who lives in a dwelling owned by their family, so it includes the youth who lives with their parents because they can't afford to move out. Besides, all the home owners I know are not happy about constantly increasing prices either. Many of them think it's unfair, many don't like the foreign inflation aspect, and even pragmatically speaking it's harder to jump to owning a bigger dwelling now. So I don't know why this is going on, but it's not because most people want higher housing prices.