It shouldn’t be an investment but the time to put that idea to bed has long since sailed.
Governments, like the one in Canada claim to want to build more purpose built rental housing and increase supply but without reducing home prices, a most contradictory statement. This kind of talk isn’t unique to Canada either.
The reality is that generations of people now have their wealth from their homes. Unless we’re willing to endure pain as a society from values lowering, and thus people’s wealth reducing( all signs point to the fact we aren’t), then the issues will only get worse.
Until we are, get ready for more variations of the same chorus “we’ve tried nothing and we’re all out of ideas!”
It shouldn’t be an investment but the time to put that idea to bed has long since sailed.
Governments, like the one in Canada claim to want to build more purpose built rental housing and increase supply but without reducing home prices, a most contradictory statement. This kind of talk isn’t unique to Canada either.
The reality is that generations of people now have their wealth from their homes. Unless we’re willing to endure pain as a society from values lowering, and thus people’s wealth reducing( all signs point to the fact we aren’t), then the issues will only get worse.
Until we are, get ready for more variations of the same chorus “we’ve tried nothing and we’re all out of ideas!”