cm0002@lemmy.world to Canada@lemmy.ca · 9 days agoShould home prices go down? ’No,’ says Canada’s new housing ministerglobalnews.caexternal-linkmessage-square30fedilinkarrow-up113arrow-down120
arrow-up1-7arrow-down1external-linkShould home prices go down? ’No,’ says Canada’s new housing ministerglobalnews.cacm0002@lemmy.world to Canada@lemmy.ca · 9 days agomessage-square30fedilink
minus-squareMax-P@lemmy.max-p.melinkfedilinkarrow-up8·9 days agoThat and make wages catch up with inflation. Deflation causes all sorts of problems but driving wages up just makes people wealthier. We’ll just have to get used to bigger numbers.
minus-squaresbv@sh.itjust.workslinkfedilinkEnglisharrow-up5·9 days agoThat’ll take decades in a lot of areas. In the meantime, you’re gonna have a lot of angry young Canadians spending lots of money on rent, and failing to save for retirement.
minus-squareassaultpotato@sh.itjust.workslinkfedilinkarrow-up4·9 days agoIndeed - stagnate prices and drive wage increases until the ratio is back down.
That and make wages catch up with inflation. Deflation causes all sorts of problems but driving wages up just makes people wealthier.
We’ll just have to get used to bigger numbers.
That’ll take decades in a lot of areas.
In the meantime, you’re gonna have a lot of angry young Canadians spending lots of money on rent, and failing to save for retirement.
Indeed - stagnate prices and drive wage increases until the ratio is back down.