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Trudeau says housing needs to retain its value
(www.theglobeandmail.com)
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this post was submitted on 29 May 2024
82 points (90.2% liked)
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Suddenly I want to buy an F-350 and a "F 🍁 UCK TRUDEAU" flag. It's nice to see that every political party in Canada has finally united to fuck Canada.
Let's be real, those of us who can't afford housing can't afford a jacked up F350.
Bold to assume that current 350 owners can afford their 350s.
not that simple. Trudeu is a jerk etc. But in this case the only reasonable measure that will minimize damage is to prevent further price growth. Maybe allowing growth at "under inflation" rates which could soften the blow to poor saps that are neck-deep in mortgages.
I AM in a ridiculous mortgage and I would be thrilled to see housing prices stop growing for the next decade or so. Every time prices go up the city starts drooling and adds another 100 bucks to my property tax.