It’s crazy (sad) how much we are all starting to have to rely on the EU to save us from the BS.
Plus you know, they’re just nice to look at and good for mental well-being too!
Sorry, should have been more clear. I meant at the federal level. I get that they are somewhat limited in their abilities, but again, everything they have done thus far has _only _made it worse.
A reflection of the state of the world then?
Raising rates will lower prices to some extent. So it should help somewhat. The issue is that’s it’s a very very blunt instrument. It just happens to be one of the only tools the BoC has to use. Ideally the feds would have stepped in at some poi t in the last 15 years to stop this madness…
I mean yeah. Once other “financial assets” become more attractive (bonds at 5.5%?) maybe less parasitical activity will happen in the housing market. The whole thing started going off the rails when rates dropped to essentially nothing.
If you think current home owners have it bad, imagine anyone trying to get in the market now. Not only are mortgages 3X the price, but the houses are 2X the price they were before. The entire thing is completely unsustainable, and yet the Feds have done fuck all. Well no, actually they have made it worse every single step of the way (see the first time home buyers savings account for the latest idiotic idea).
It’s at the point where it’s clear no single measure will solve this issue. What is absolutely infuriating is that NOTHING is being done. Actually scratch that, they are actively making things worse with crap like the “First Home Savings Account”.
Why not ban anything past a primary home? It’s like at a wedding where everyone gets to eat first before going for seconds.
I guess it’s a political non-starter given the number of people who own more than one home…
The question is really best answered by asking did the person own real estate before the pandemic hit?
The financial chasm that ripped apart society along the lines of real estate ownership is very real
Honestly surprised there isn’t more. There’s a lot of money that would be lost if the fediverse became more mainstream.
Just keep kicking the can down the road until there’s literally no other option…
This would honestly improve the quality of life for so many people.
Given the progress in just the last year… that’s terrifying.
I hate everything about this. I came here to escape the Corporations damnit!
I don’t even care what the vote was for. But the fact that over 94% of people agreed on anything is crazy to me.
Is it really a big problem right now?
Like we have Bluetooth for medium range, wifi for long range, and NFC for short range.
I would argue it’s a feature.
And equal parts terrifying.
Wait, there’s an app?
Classic Autowa in force here.
Hey CBC, maybe put someone on the other side of the argument on the program?