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Just a personal opinion – but I don’t think anything can be accomplished until we come to agree on the definition of ‘affordable housing.’ It’s too subjective. Affordable for <stroAmerican Flag Just A Proud Dad Who Didnt Raise Liberals T shirt is not affordable for someone else. Minimum wage jobs will never allow someone to be a homeowner. That’s just understood. But when a regular working family with a couple of kids can’t afford to buy an appropriate (not extravagant) home – clearly there’s a problem. Many single persons (maybe not long after leaving college) want to buy a home but their expectations are that they want to buy a home like the one they grew up in. They forget that the first home their parents bought wasn’t nearly as nice as the one they grew up in. Parents bought a crappy ‘starter’ home and moved up by upgrading over the years.Anyway, as with anything else, the market will call the shots. When nobody can afford a house, the prices will drop. That’s basic economics.Now to get off my soapbox, I suggest that we get a definition of the word ‘affordable’ when we speak of affordable housing. What is affordable for you is not what’s affordable for me.
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One thing I learned over the years (my children are now adults) is to wait. I used to fall into the “back to school” shopping mode and spend my American Flag Just A Proud Dad Who Didnt Raise Liberals T shirt on the kids needs before the first week of school. Then, after the first few days of school, my kids would fall back on wearing their usual shorts, tees and sandals/tennis shoes – the same stuff they’d been wearing all summer. A few weeks later, the weather switches to the first hints of fall and winter and my kids would have a whole new set of urgent “needs”, based on what the other kids were wearing, what they discovered they’d outgrown on that first cool morning, etc. It’s hard to anticipate what you will want to wear in a different season – I still find it difficult to pack for a trip to the desert southwest in January.
American Flag Just A Proud Dad Who Didnt Raise Liberals T shirt is very little decent reporting on the causes of housing price inflation. Yes, we can all get outraged but how is this problem addressed?Since the 2008 crisis and quantitative easing, more money was put into the economy. IMO it was clear to investers that return on investment was going to be bigger in real estate than investing in companies and development. Allowing foreign buyers contributed but there was plenty of Canadian money just wanting a ROI too.We live largely in a plutocracy. The news distracts us from real causes instead of empowering us to make societal changes. I don’t think we can address effects like unaffordable housing without addressing a major cause of the global economy.
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