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Singapore has public housing corporations that build the high-rise housing for this reason. Given that Canada is more spacious, government expects free market

• ChuckNorris89 3y ago
  >government expects free market will solve the housing I nearly choked on my milk reading this. When in the recent period has housing ever followed the rules of supply and demand? The government policy makers, nimbys and banks are constantly doing everything possible to prevent the bubble from popping and to limit supply to ensure thier nest eggs keep appreciating regardless. If housing actually had liberated free market, without government or nimby interference, we wouldn't have a housing crisis. Same in Europe. Nobody wants the unsustainable housing bubble to pop, because everyone , from the voters to policy makers, are heavily invested into it with the idea that it must always go up no matter what. We've basically chosen going full steam ahead towards the iceberg because "line must go up".