The government doesn’t try to make things more affordable they try to make things more accessible.
anon-is-alive on
That is precisely the objective for this policy!
Million dollar starter homes were not enough they want 1.5 million to be the standard. Let’s make the base of the pyramid wider and let the Ponzi scheme run wild.
A perfect example of let’s do whatever it takes to kick the can further down the road and rob the poor and give to the rich.
Bulky_Neat_6857 on
Keep in mind that you need a 20% down payment to get a 30 year mortgage. A very small amount of people have that 20% especially people who are currently renting seeing as rent is sky high.
Manofoneway221 on
A housing dip will mean societal collapse. Government has to keep it higher and higher at any cost
bomby0 on
This government still hasn’t done anything about income verification through CRA yet raised the limits overnight. It’s literally checking one number with the CRA.
So now fraudsters with fake income documents can borrow $1.5M with the Canadian taxpayer on the hook and continue to price out honest folks. Really shows the priorities with this government.
FrenchFrozenFrog on
that was made to help the builders. First-time buyers will have 1-2 months of grace before prices get out of hand.
CaptNoNonsense on
If people stop buying overpriced housing, prices wouldn’t be so high.
8 Comments
Paywall: https://archive.ph/asKGo
I think thats the point unfortunately.
The government doesn’t try to make things more affordable they try to make things more accessible.
That is precisely the objective for this policy!
Million dollar starter homes were not enough they want 1.5 million to be the standard. Let’s make the base of the pyramid wider and let the Ponzi scheme run wild.
A perfect example of let’s do whatever it takes to kick the can further down the road and rob the poor and give to the rich.
Keep in mind that you need a 20% down payment to get a 30 year mortgage. A very small amount of people have that 20% especially people who are currently renting seeing as rent is sky high.
A housing dip will mean societal collapse. Government has to keep it higher and higher at any cost
This government still hasn’t done anything about income verification through CRA yet raised the limits overnight. It’s literally checking one number with the CRA.
So now fraudsters with fake income documents can borrow $1.5M with the Canadian taxpayer on the hook and continue to price out honest folks. Really shows the priorities with this government.
that was made to help the builders. First-time buyers will have 1-2 months of grace before prices get out of hand.
If people stop buying overpriced housing, prices wouldn’t be so high.