Quote:
Originally Posted by stewie
Remember that mindset when you have kids who are living in your basement until their 35 because they can't afford a place unless they say peace out parents I'm moving to butt fuck nowhere but I'll still call to say hi on your birthday and on Christmas.
Plain and simple - people need a place to live. Not everyone has the ability to pick up and leave. There's assholes who buy houses and use them as an airbnb house or be a dickbag landlord who has 0 sympathy for anyone so long as you get your monthly rent money. But whatever, you could care less that the couple who lives in the basement suite across the street who've decent jobs and should be able to live comfortable but can't.
The whole hole eating out and cars thing.... Really? Apples to oranges.
Keep the prices the way they are and rising and soon you'll have no laborers to build houses or towers. They need to live and eat just like you and I. Why break their back doing hard physical labor for a wage that barely gets them by and will get them nowhere in life but scraping along the bottom of the barrel? Fuck that. I'd then take the plunge and leave. You want your 600sqft 900k condo built...build it yourself.
Ps - your aunt sold ALL of her apartments.... She's part of the problem with what's happening here. How many properties does she plan on purchasing here or already own? Canadian citizen or not, if you're not part of the solution you're part of the problem.
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Dude already indicated repeatedly he has no plan to have children fearing they'll take from him.
We don't want our economy to solely relying in real estate and construction otherwise we would be building ghost towns that nobody lives in. If most of our income goes to paying mortgage or rent, there are little consumer spending to sustain the economy.
Government's intervention via regulatory is healthy to enable sustainable growth, which are important. That has nothing to do with being a "free country" or not.
NYC, SF, Hong Kong are all extremely expensive but they have solid economic ecosystems to support. I also find it comical that somebody who hates on China and Chinese all the time citing their unsustainably high RE price as a reason for Vancouver RE's price being "fine".