Even if median inflation-adjusted is trending up, the cost of living is far outpacing any gain made.
The housing market is as it is because every successive government hot potatoed the issue to the next government. REIT are swallowing a good portion of new and old housing to profit from it.
The Real Estate is number one contributor to the GDP, to the detriment of the population. So no politician of this world will touch that, so we’re screwed.
The housing trend is going down because contractors are building real estate for speculator, which charge maximum rent for a 1bd, 500 square feet of space. People can’t afford that and families can’t live in them. Yeah, no shit people don’t want a 500 sqf loft in bumfuck nowhere for 1500 a month.
The federal government and provincial government could give grants and loans to smaller companies instead of giving millions and billions to mega corpos that pockets and buy back shares, contributing nothing to the economy. If you give 1 million to 10 small companies and one or two expand and becomes bigger, it will be way more profitable than giving 10 millions to a corporation that will layoff employees the next quarter because they didn’t reach a number they imagined they would.
The federal and provincials governments have a lot of weight to throw around, but it always ends up lining pockets of friends of the government and mega corpos.
There is no tangible actions taken and measures put in place to change the trajectory we’re going in. Nothing will change and we will continue to be subject to the same old system because money is king and the pleb does not have the sway needed to change that.
Moral of the story : rising median trendline doesn’t mean jack shit if more and more people are are poorer, despite the median rising.
Even if median inflation-adjusted is trending up, the cost of living is far outpacing any gain made.
The housing market is as it is because every successive government hot potatoed the issue to the next government. REIT are swallowing a good portion of new and old housing to profit from it.
The Real Estate is number one contributor to the GDP, to the detriment of the population. So no politician of this world will touch that, so we’re screwed.
The housing trend is going down because contractors are building real estate for speculator, which charge maximum rent for a 1bd, 500 square feet of space. People can’t afford that and families can’t live in them. Yeah, no shit people don’t want a 500 sqf loft in bumfuck nowhere for 1500 a month.
The federal government and provincial government could give grants and loans to smaller companies instead of giving millions and billions to mega corpos that pockets and buy back shares, contributing nothing to the economy. If you give 1 million to 10 small companies and one or two expand and becomes bigger, it will be way more profitable than giving 10 millions to a corporation that will layoff employees the next quarter because they didn’t reach a number they imagined they would.
The federal and provincials governments have a lot of weight to throw around, but it always ends up lining pockets of friends of the government and mega corpos.
There is no tangible actions taken and measures put in place to change the trajectory we’re going in. Nothing will change and we will continue to be subject to the same old system because money is king and the pleb does not have the sway needed to change that.
Moral of the story : rising median trendline doesn’t mean jack shit if more and more people are are poorer, despite the median rising.