These Entitled People Don't Want to be Homeless, Ignoring the Poor Billionaire Land Owners
this post was submitted on 20 Jun 2023
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I can't wait until we have communal/social housing or at the very least a one person/family one home requirement.
Gen Z here and I’d love a housing crash here in Canada. Sorry not sorry but I don’t see housing as some investment, I see it as a home to live in and have a life.
It's not just millennials lol.
Unfortunately for them, in capitalism, bubble or no bubble, land and housing is nearly always safe investition so there will be no affordable housing for the most parts, just the mega landlord corpos will turn into giga landlord corpos.
OMEGADEATH TO ALL LANDLORDS. AAAAAAAAAAAAAAAA
I own a house, am not a millennial but am totally fine with a crash. My mortgage payment doesn't care, my taxes might go down. Only people who should care are those moving or expecting their parents to die soon and have property to sell.
To me it's obvious, if prices are too high then build more.
Of course the people who care are those who have money invested in housing. And you would think the solution is just to build more, but it's more complicated than that because the investors need to get a return and they'll work very hard to make sure they do.
Why not. When everything became a speculative asset and millions of square meters bought as investment and not for living, why there should not be a crash one day? All this already looks sick.
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