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The Conservative Party Has No Real Solutions For The Affordability Crisis
(www.readthemaple.com)
this post was submitted on 09 Sep 2023
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That's because real solutions would destroy the value of all current homes. Given that most people are still homeowners, that's not a winning political strategy.
The crash is inevitable. This is going to be a game of political hot potato.
I don't think a crash is inevitable. It could just plateau forever as long as our population doesn't decline.
I think we'll eventually see political reforms to reign in ownership profits, but not until we have a lot lower ownership percentage. Multiple decades at the very least, possibly half a century.
The same party hoping for the super soft 23-year landing also wants to curtail the immigration that will prevent the imminent collapse of the economy.
But nice thinking.
Rendering that home you bought back down to even double the inflation-adjusted price - so no loss at all - would be even more than we need, but thank you for suggesting we reduce it even more out of the goodness of your heart.
I bought my current home three years ago, it's got a hell of a lot more of a loss to me than that.
You'll still have a home, and presumably still be able to afford the payments. Fuck the loss, and let other people get a chance to actually have a place to live.
Yup, fuck me for working my young ass off to get a place when they're so expensive, and continue to fuck me for another 20 years to pay for the $700,000 remaining on my mortgage because I wanted to have space for my kids.
At that point I'd be better off abandoning Canada to get rid of the debt load.
That screws the people who benefitted least, and barely touches the people who benefitted most.
You think everyone else who is stuck renting and desperately wants a house isn't working their asses off?
And no, you're not fucked, you still have a place to live with your family, and you clearly can afford it regardless of if the sale price eventually drops. And it doesn't matter if it drops because once you sell it whatever place you move to will also have dropped in price.
Stop trying to fuck others with this fuck you I got mine attitude. I will be ecstatic if my condo halves in value, because it means my friends may actually be able to afford a place to live themselves, and it doesn't hurt me.
You clearly don't understand how economics works.
I don't have shit right now except a massive debt.
And the house for you and your kids, right? How many renters can say the same?
If they're renters... Then all of them
A roof is a roof.
Owning the house you live in isn't something magical. The only significant benefit is the investment right now. A lot of the other benefits disappear too if you crash the housing market hard enough.
Renters will never own the property they're paying for, but you and your children will.
They still have a place to live. That's what makes them renters, otherwise we'd call them homeless.
So you don't have a house to live in? Shame.
And we're still responsible for 400B in mortgage insurance. Wanna add that to our deficit when people stop paying their house that's worth less than they paid for it? Nah, didn't think so, me neither.
Except Poilievre is specifically saying he wants to lower housing prices and he's winning. So the game has changed and as always the LPC is too comfortable and slow to notice.
https://twitter.com/PierrePoilievre/status/1640811273666584578
And I want a pony.
Neither of us have a plan (and neither of us really want it anyway).
He has offered specific platform planks about this. You can disagree that they'll help (obviously they're a supply side approach) but to say he has no plan is false.
Let's look at past conservative history, should we believe any of their plans or promises? 🤔
I can work with that argument. Write that article and I'll read it. But people saying "the conservatives have no plan on housing" are just making themselves look dumb on this front, and the Liberals could disarm the conservatives by stealing the good parts of this plan and save us from a government of transphobes and anti-vaxxers and anti-environmentalists.