It’s crazy (sad) how much we are all starting to have to rely on the EU to save us from the BS.
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).
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…
Classic Autowa in force here.
Hey CBC, maybe put someone on the other side of the argument on the program?