This hurts regular people far worse than the upper class that has spent 3+ years hording and acquiring assets. They’re trying to fix inept government policy on the backs of the labour that allows the country to function rather than having the hording class pay a fair share to sustain society.
Property taxes should increase exponentially with each additional property you own. Double or triple for corporations. That will do a large part to fix our issues, but the government will only enact policies favourable to the landowners.
That’s quite a good solution. I’ve been looking at real estate lately and a lot of the lower priced homes have in their description something like “great starter home or investment property.” Investors shouldn’t be able to snatch up all the “starter homes”. Let’s let some of us get into the market!
Yeah, and rental prices have skyrocketed too.
During the next federal election this will be my “single issue” that will determine who I vote for.
At this point I can ignore our insane grocery/telecom prices, even though that is still a huge issue. The housing crises has far worse ripple effects down the chain: potential buyers can’t buy so they rent nicer places, potential renters can’t rent the nice places so they are overpaying for the rentals they can afford, and people who can’t afford any of the rental prices are scraping by with roommates or on the streets.
And these development companies have the nerve to go to court over government investigations over their shady practices.
Shameless.
During the next federal election this will be my “single issue” that will determine who I vote for.
This should read PROVINCIAL election. Housing policies are the jurisdiction of the provinces. If you think the Premiers are going to tolerate the Feds mucking around in something they perceive as THEIR jurisdiction, there will be a big fight over it. Take this to your Premier, it’s their wheel-house.
Higher interest rates are the tough medicine we do need today to combat inflation. But government policies need to be there to ensure the social costs are minimized but somehow that safety net isn’t sufficient today is it? Additionally more action needs to be done on oligopolies and consolidation that’s happening across every industry that reduces competition.
