Ein Zuhause ist in Kanada kein Zuhause. Es handelt sich um ein angebotsgesteuertes Gut in einer geschützten Branche
https://www.theglobeandmail.com/business/commentary/article-home-ownership-canada-protected-industry/
Ein Zuhause ist in Kanada kein Zuhause. Es handelt sich um ein angebotsgesteuertes Gut in einer geschützten Branche
https://www.theglobeandmail.com/business/commentary/article-home-ownership-canada-protected-industry/
2 Kommentare
Great article. Our housing crisis spurs lots of criticism of greed and capitalism, but capitalism is not permitted to function in the housing industry.
How can you have a free market in housing when housing is essentially a planned economy, and the planning committee has denying housing as its default outcome?
„Its [report](https://economics.td.com/ca-gva-condo-market-outlook) details the dire state of the Greater Vancouver Area condo market, forecasting a 15-per-cent decline from a 2023 high by mid-2027. TD Economics said this would mark the deepest market correction since 2005.“
So did we get the tax from these developers when the price was going up and profits were incredibly massive? I bet we didn’t. How much of this buyout is for offshore investors? I’m sorry, I don’t feel sorry for them one bit. Let the market determine house prices. Unreal expectations for those who intend to profit should not be funded by the taxpayer. If the gov’t insists to buy them to help the housing crisis, they should pay not one cent more than market value. Investors will continue to bleed cash, so at some point they will need to sell. This is how a free market operates. Will the gov’t guarantee my investments too?!? I took a risk buying them, no different than these developers, so I expect to be fully covered if I buy a risk and the outcome is a loss.
Classic case of privatizing profits and socializing losses. It’s just wrong.