Posted 24 August 2018 - 05:37 PM
It's one of the main reasons why our real estate is horribly over valued, and why a lot of us will never be able to afford our own home.
They need to get rid of all the incentives for anyone who has more than X investment houses. This will force people with lots of houses to sell some, driving prices down. Yep, there would be a bit of a crash but in the end more people could have their own places instead of being renters for life, which sucks. But too much in this economy depends on the housing market and while people get filthy rich from it (notably a lot of our politicians) it's never going to be fixed. Too many vested interests.
Apologies, #firstworldproblems
On topic:
I'm happy because it's the weekend after a truly shitty week.
This post has been edited by Tsundoku: 24 August 2018 - 05:37 PM
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