4 ms·

You've mistaken me for someone who thinks there's a political needle that can be threaded here. I completely agree with you - housing prices are high, mechanic

You've mistaken me for someone who thinks there's a political needle that can be threaded here. I completely agree with you - housing prices are high, mechanically, because of scarcity. But scarcity exists because voters like high housing prices. The truth is that most Canadians own property and are perfectly happy with their $1-3 million in equity. And regardless of their stated preferences for affordable housing, the revealed preference for scarcity and expensive housing is clear. All I want is to shut down people looking for someone to validate their cognitive dissonance.

Afton 5y ago
Having grown up poor, I was going to challenge the statement that 'most Canadians own property', but it looks like it's ~70%. I mean, I think hanging 30% of your population out to dry is a bad idea, but I can't argue that this isn't a tyranny of the majority situation (or maybe tyranny of those in power, of which I expect closer to 100% are property owners).
- I-M-S 5y ago
  This is an ad nauseam repeated false statistic. That number counts household members - meaning ~70% of population owns property when you account children in those households (and grandparents). And those children are definitely going to need homes of their own... Or I guess you'll have situation akin to one in my home country where >60% of 25-34 y.o. young adults live with their parents, with all the economic and psychological stunted development that entails.