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housing incredibly scarce rents and prices spiking "hmm maybe we should make it easier for enormously highly paid American tech workers to move to Canada." I
by Tiktaalik 3y ago
housing incredibly scarce
rents and prices spiking
"hmm maybe we should make it easier for enormously highly paid American tech workers to move to Canada."
I like the idea in general, but the specific timing of this, as high interest rates are making house construction slow down and fixing the housing crisis even harder, is going to make a lot of inadequately housed Canadians very annoyed!
- kelipso 3y agoWell I guess Canada made euthanasia legal for a reason.
- octacat 3y agoGood for housing investors though (sarcasm). But yea, it is very easy for the government to "improve" economic situation by increasing the house prices. First of all, we build less = less money spent on the new infrastructure, profit. And if the prices go up, everyone who has a house gets more wealthy (except they cannot sell that, because they would become homeless). Also, makes banking very stable, if everyone knows mortgages are "very nice investment".