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Originally Posted by P'tit Renard
What matters most to the Casper boomers is to keep the housing bubble going at all costs. On this point, it appears Carney is quite happy to play along. With all other options to grow the economy exhausted, it looks like Carney is quite willing to roll out preferred CMHC rates to foreigners, and continue the Vancouverization of Canada. Screw young people, the real estate gains held by Casper boomers must be protected at all costs.
Canada’s Next PM Working w/Vancouver “Condo King” On Foreign Investment
https://betterdwelling.com/canadas-next-pm-working-w-vancouver-condo-king-on-foreign-investment/
No wonder slumlords, real estate speculords and real estate agents are head over heels for Carney.  |
First off. I am not a boomer. I am a Gen-Xer. Not that it makes a difference, but google say, us Gen-Xers are "resourceful, independent, and skilled at balancing work and life.".
As for large residential rental towers, these things are not owned by individuals but instead owned by corporations. The corporations are then owned by individuals. Sometimes 1 some times hundreds.
This is a article the quotes a realtor that happens to have been involved in selling a massive number of the condo towers in Vancouver. I know little about him other than his names has show up all over the place on building projects over the last few decades.
What I do believe is the best fix for this problem is to just build more and more housing and let the market drive down rents. Some of it as social housing. A lot more of it should be Co-ops. But in Canada the vast majority is and will always be privately held.
What exactly does "working with Carney mean?" Especially when we are talking about a realtor. With all due respect to the realtor profession they do have a tendency to overstate things.
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