booja@booja.ca to Canada@lemmy.ca · 8 months agoYoung people paying 'astronomically living expenses': insolvency trusteewww.bnnbloomberg.caexternal-linkmessage-square59fedilinkarrow-up1140arrow-down14
arrow-up1136arrow-down1external-linkYoung people paying 'astronomically living expenses': insolvency trusteewww.bnnbloomberg.cabooja@booja.ca to Canada@lemmy.ca · 8 months agomessage-square59fedilink
minus-squarefolkrav@lemmy.calinkfedilinkarrow-up10·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 @lemmy.calinkfedilinkarrow-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.