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Joined 1 year ago
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Cake day: July 29th, 2023

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  • Sometimes home owners will sell their house after retirement for something smaller, live off the difference, then sell that house and use the money from that for long term care, or inheritance.

    There’s also the obvious: they worked for something, possibly quite hard, why do they have to pay the price for others? Presumably they’ve been paying taxes all along, and have already been contributing to the greater good.

    I guess my feeling is, it’s not so simple to just wreck housing prices. I absolutely feel like corporations, and probably some ultra wealthy don’t work that hard and get most of the rewards (or aren’t even people), like if the money has to come from somewhere there is a clear set of people who could afford to lose some wealth, and not materially effect their life; and that’s not necessarily single dwelling home owners.


  • I think what’s being said is: if housing prices lower, you are going to ruin some people’s retirement plan – at least some of those people will have worked hard their entire life to purchase and pay off that house. There’s been some incentive to save in this way as well (first time home buyer plan, tax deductions for more ecologically sound houses, that kind of thing).

    I suspect he’s probably right, that letting house prices drop would over all make things worse in Canada. My goto solution would be to subsidize housing by increasing taxes on corporations and people/corporations that own more than one house. but i’m not any kind of expert