The Prime Minister announced a new government agency to oversee billions in financial incentives for developers, a plan he spoke about during his election-campaign appearance on Village Media’s podcast
Excellent, so here’s what we’ll do. Ping me in 2035 and we’ll see if I’ve made a whole bunch more money or if my property has gone down in value.
I know I’m right here, which is hard for me, I don’t want to be correct. I would rather my children to be able to afford homes.
Unfortunately, people like you keep getting their hopes up on policies that have no historical record of working. Building more homes has never dropped prices anywhere in the world. Prices have always dropped because of other factors, and specifically those factors related to investment (like interest rates going up, the defaults from sub-prime mortgages, or the stagnation of the entire economy like in Japan)
Unfortunately, people like you keep getting their hopes up on policies that have no historical record of working.
Feel free to share an example of a country with a similarly ambitious housing plan in the last 20 years.
Canada certainly hasn’t had one.
I fins the notion of “well, we tried something about a third as comprehensive and it didn’t work” to be pretty silly. It’s like folks who go to the gym a few times over a month, don’t see results and decide they’ll never be in shape. Some things require a significant effort.
I’m not saying there’s a guarantee housing prices will drop but to declare they can’t because “a government said they’d try, they didn’t do much and nothing happened so nothing will ever happen” is nonsense.
that have no historical record of working. Building more homes has never dropped prices anywhere in the world.
Edit:
that have no historical record of working. Building more homes has never dropped prices anywhere in the world.
Like an ignorant goof, I forgot to mention, that it has worked, in Canada! In fact, parts of the current government’s approach (pre approved design, emphasis on modular fabrication etc) are taken straight of the playbook from the last time we did this, after the second world war. For you to believe the statement above means that you probably don’t know about this neat period of history, you can learn about it here!
Excellent, so here’s what we’ll do. Ping me in 2035 and we’ll see if I’ve made a whole bunch more money or if my property has gone down in value.
I know I’m right here, which is hard for me, I don’t want to be correct. I would rather my children to be able to afford homes.
Unfortunately, people like you keep getting their hopes up on policies that have no historical record of working. Building more homes has never dropped prices anywhere in the world. Prices have always dropped because of other factors, and specifically those factors related to investment (like interest rates going up, the defaults from sub-prime mortgages, or the stagnation of the entire economy like in Japan)
Feel free to share an example of a country with a similarly ambitious housing plan in the last 20 years.
Canada certainly hasn’t had one.
I fins the notion of “well, we tried something about a third as comprehensive and it didn’t work” to be pretty silly. It’s like folks who go to the gym a few times over a month, don’t see results and decide they’ll never be in shape. Some things require a significant effort.
I’m not saying there’s a guarantee housing prices will drop but to declare they can’t because “a government said they’d try, they didn’t do much and nothing happened so nothing will ever happen” is nonsense.
Edit:
Like an ignorant goof, I forgot to mention, that it has worked, in Canada! In fact, parts of the current government’s approach (pre approved design, emphasis on modular fabrication etc) are taken straight of the playbook from the last time we did this, after the second world war. For you to believe the statement above means that you probably don’t know about this neat period of history, you can learn about it here!