Comments on: Half of Canada’s Young Adults Gave Up On Homeownership: Mortgage Pros

By: Ravi M

Ravi M — Tue, 26 Sep 2023 02:34:23 +0000

but how do people not understand how interest rates work yet? lmao

low rates make housing affordable and high rates made housing more affordable, but the real estate industry told me it will just make it worse so let’s not continue it. haha. So good. Morons.

By: Matteo

Matteo — Tue, 26 Sep 2023 02:32:11 +0000

Glad reality is finally hitting. If a country is set to exploit you to cover its bills, you need to get out. That’s why my parents did when they moved to Canada, and that’s what I hope my kids realize they need to do when Canada sees them as nothing but a way to pay its bills.

Greed gets every country at some point. The question is how long will you stick around to see how this turns out?

By: Ana

Ana — Tue, 26 Sep 2023 02:29:54 +0000

In reply to Van YIMBY. Yes, because the rest of the world isn't competing for labor, steel, and lumber. Canada just gets first dibs to build whatever it wants, unlike the rest of the global supply chain. The unlimited resources knobs need to STFU.

By: Van YIMBY

Van YIMBY — Tue, 26 Sep 2023 02:27:02 +0000

If we just built more houses, everyone could afford one. It’s local policymakers standing in the way.

By: Trader Jim

Trader Jim — Tue, 26 Sep 2023 02:24:58 +0000

The reason the real estate industry isn’t using the basics of central banking is greed. They wanted 30 years of falling rates to boost home prices, then complain that a year of higher rates hasn’t reversed it all.