BedSharkPal

There's a lot of "Weekend At Bernie's" going on in Congress these days huh?

Ironically Bernie is one of the least comatose of the bunch.

Classic Autowa in force here.
Hey CBC, maybe put someone on the other side of the argument on the program?

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.

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...

It seems crazy, but some form of caffeine before a nap surcharges it for me and I don't wake up all groggy.

Spare some knowledge stranger? That's a dark path I don't wish to travel.

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