3 ms·
I don't think I said I was confused by it? I understand the levers in motion. But it's clear that in the longer term this doesn't work -- even for the majorit
by cmrdporcupine 3y ago
I don't think I said I was confused by it? I understand the levers in motion.
But it's clear that in the longer term this doesn't work -- even for the majority home owners like you imply.
a) Just because your home appears to go up in value doesn't mean that your home purchasing power has, if other homes have just done the same.
b) It undermines local business because their workers increasingly cannot afford to live where they work. When rent in a 2 bedroom in an industrial town like Hamilton creeps up to $3000, we've hit crisis proportions.
c) it's not sustainable, and will eventually blow.
What it shows is that there's no leadership at the top capable of making adult decisions.
- onlyrealcuzzo 3y agoNo one is going to get re-elected if they pop a bubble on purpose. The system is pretty much designed not to make "adult decisions".