Author Topic: Poilievre and 1/3 of Liberal cabinet own investment/rental property  (Read 554 times)

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Offline Black Dog

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Sure, I could get behind all of that….  I think some is a bit of fantasy though. 

Of course it's fantasy, no one in power is actually interested in solving the problem.

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Expropriation of someone’s private property is extreme and will have unintended consequences.   

Where I live there's a stretch of our old downtown that is a block of buildings owned by absentee landlords. The buildings are literally falling down because the owners are probably using them as a tax write off. There's no reason they should get to sit on that forever.

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Mortgage restrictions that will make it more difficult for 1st time home buyers?  Seems counter intuitive to what you are hoping for. 

The idea is to lower prices and let the air out of the bubble so people don't have to overextend themselves to get a foothold.

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Jacking up taxes on a cabin out in the middle of nowhere will do exactly nothing to help with housing. 

Cabins in the middle of nowhere are insignificant compared to the investment properties.

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I think a significant hike in interest rates will likely be the fastest solution to lowering home prices.  But then people will complain about people, who didn’t plan their finances well, not being able to pay their mortgages…. But, that will free up the same house at a cheaper price for someone else to buy.

Ultimately, though, people with money and people who are already in the game will still be able to afford to snatch up those properties, so i don't se interest rates alone solving the crisis.