Sie können das Wohnen nicht erschwinglicher machen, ohne es billiger zu machen

This is really just a case where the Liberals are trying to pacify both their equity-rich boomer supporters *and* younger people who are exasperated with the rising cost of living. As the article mentions, they can’t have it both ways.

The idea that we keep home prices steady and wait for wages to catch up is unrealistic, given for most salary-based employees – when adjusted for inflation – their raises will get them nowhere close enough to affordability any time soon.

I think the most frustrating part to me about all of this is that they’ve allowed extreme and rapid rises in home prices to transpire, but now call for “measured” approaches. Where was this “measured” approach when they grew Canada’s population by a million people over a nine month period? Or when they ignored experts’ warnings on the impact of immigration to real estate?

There is an inherent danger to ignoring this issue; when Canadians begin feeling like spectators – and not participants – to Canadian society and hold no equity in its well-being, they’re far more likely to vote for destructive policies and politicians. A lot of young people I know thought Trump’s gaming of the stock market was funny, because they had very little at stake themselves.

Further; I frankly don’t buy the idea that retirees’ retirement plans were dependent on rapid and extreme gains in their home prices in a short period of time. You just don’t plan for things like that – you fall ass-backwards into it.

If someone’s million dollar home was now worth $800,000 – so long as it’s a home they plan on living in – I don’t see how this is a huge problem to anyone but those who bought at the peak of the housing market. And we frankly shouldn’t be in the business of bailing people out of bad purchasing decisions.

That’s absolutely right…

If you ignore reality and think that if people get paid more and housing remains near the same price that it wouldn’t be more affordable…

Just pass that home equity tax and get rid of income taxes. That’ll stop people from selling their homes for 200% more than the assessed value.