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Wikipedia mentions Canada's real estate market subsidizes money laundering at the expense of raising home prices by 5%. The solution to real estate hoarding an
by cvccvroomvroom 3y ago
Wikipedia mentions Canada's real estate market subsidizes money laundering at the expense of raising home prices by 5%.
The solution to real estate hoarding and criminality is occupancy requirements. Another problem is hoarding properties so there is less inventory to buy, pushing potential occupants to rent from literal rent seeking corporations.
https://en.wikipedia.org/wiki/Canadian_property_bubble https://en.wikipedia.org/wiki/Canadian_property_bubble
- theironhammer 3y agoAnother problem is 40% of Federal MPs are landlords. The Federal Minister for Housing is a landlord. And the self-interest of present homeowners. It's now the landholders vs the landless. Hmmm...that's like a Feudal society.
- deleted 3y ago[deleted]