>but lenders are much more likely to give someone a $400,000 loan to buy a house than to buy stock. I don't think this is necessarily sustainable. Government b

>but lenders are much more likely to give someone a $400,000 loan to buy a house than to buy stock. I don't think this is necessarily sustainable. Government backstop. But I hear you. I understand the intentions of subsidized mortgages: housing is a necessity, it (generally) appreciates over time so it's "safe", it provides forced savings etc. But too many people are able to take advantage of the subsidies in indirect ways. I know people house shopping in British Columbia. They have been approved for a mortgage at 10x their household income. Parents are making the down payment. Bank is fine with it, I guess. How does that work?