Quote:
Originally Posted by GenWhy?
Isn't this the actual quote he said:
“Housing needs to retain its value… It’s a huge part of people’s potential for retirement and future nest egg”
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This is actually the concerning bit regardless, and how we've warped our perception of what a house is. All the worse the PM didn't stick to the line of 'Making sure young Canadians are affordably housed', and said the quiet part loudly to the biggest newspaper in the country. Oops. Then one wonders why Team Red is polling the weakest in the 18-29 demographic - they're being sold up the river.
At one point, housing was considered shelter, with maybe the benefit of being able to recover some of the sunk cost of it, if the retirement plan didn't work out. It wasn't the retirement plan unto itself. It wasn't considered the nest egg. It was a nest.
When government views housing value as an objective of government unto itself, we go down the 'Stonks!' path of asset valuation above all. Fine, if we're trading Bitcoin or hockey cards and understand that the thing has no underlying intrinsic value. Play fuck-around with idiot ideas to one heart's content. Bitcoin/hockey cards go to zero or to the moon and nobody real suffers.
Make housing an asset class and bleed out the young insidiously? Make them pay absolutely dearly to survive, so that one can pad the retirement of the wealthiest generation of all human history? We bleed out the load-carriers of tomorrow. We shall pay for it dearly.
Let housing be shelter first.