booja@booja.ca to Canada · 8 months agoYoung people paying 'astronomically living expenses': insolvency trusteewww.bnnbloomberg.caexternal-linkmessage-square61fedilinkarrow-up1141arrow-down14
arrow-up1137arrow-down1external-linkYoung people paying 'astronomically living expenses': insolvency trusteewww.bnnbloomberg.cabooja@booja.ca to Canada · 8 months agomessage-square61fedilink
minus-squarefolkravlinkfedilinkarrow-up11·edit-28 months agoMany of our MPs are landlords themselves, which may influence how… reactive they are to the issue https://www.landlordmps.ca/data-analysis Our economy is over-reliant on housing as an investment in general, so getting people to do anything about it is hard to begin with https://www.oecd.org/housing/policy-toolkit/country-snapshots/housing-policy-canada.pdf It’s not looking good. We’re in so deep already. A lot of people will lose their homes either way.
minus-squareolbaidiablo linkfedilinkarrow-up1·8 months agoThis is why I avoid REITs and housing investment like the plague. It’s a house of cards.
Many of our MPs are landlords themselves, which may influence how… reactive they are to the issue https://www.landlordmps.ca/data-analysis
Our economy is over-reliant on housing as an investment in general, so getting people to do anything about it is hard to begin with https://www.oecd.org/housing/policy-toolkit/country-snapshots/housing-policy-canada.pdf
It’s not looking good. We’re in so deep already. A lot of people will lose their homes either way.
This is why I avoid REITs and housing investment like the plague. It’s a house of cards.