this post was submitted on 15 Feb 2024
311 points (99.4% liked)

Canada

7141 readers
162 users here now

What's going on Canada?



Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Regions


🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities


💵 Finance / Shopping


🗣️ Politics


🍁 Social & Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] 44razorsedge 10 points 7 months ago* (last edited 7 months ago)

Over the past several decades, Canadian housing has been transformed into a financialized wild west where the interests of the investor class are sacrosanct and social need is secondary.

Secondary? That implies it has any priority what so ever in the market. It has been shown clearly there is no consideration of the social aspect of housing as an investment. It's how much you can get for your property, that now carries no mortgage (OK, boomer), and how you can fund the lifestyle you've been practising for all these years. Remember, there are no poor people, just temporarily inconvenienced millionaires.

Greed is good. So are the well cooked rich, I've heard.