That’s an issue, but it’s not the whole issue. You’re not going to get a reasonable home down to the price of a budget vehicle. It’s not just home prices alone that have gone up over 60 years, it’s most essential goods combined with stagnating wages that means people need to spend a greater portion of their of their income on basic essentials and don’t have as much left to save for future big purchases.
Don’t get me wrong, homes need to be more affordable, but arbitrary reductionist ideas like let’s ban landlords don’t really work.
Some other ideas might be to increase minimum wages, yes this increases inflation but the people at the lower end of the wage scale still come out ahead. Have a crown corp for housing, even if it needs to be subsidized. Give people affordable and reasonable quality options and make private industry have to compete against that. Some better benefits for tradespeople, like lower the exemption on the trade tools tax credit to make construction more affordable. Though there’s a weird thing that happens where companies bring in big crews of apprentices for cheap labour and then lay-off the journeypeople so they don’t have to pay Journeyperson wages. I guess this keeps costs lower, but it’d be nice to see something combat this so there’s better job prospects for people that complete their apprenticeships.
That’s an issue, but it’s not the whole issue. You’re not going to get a reasonable home down to the price of a budget vehicle. It’s not just home prices alone that have gone up over 60 years, it’s most essential goods combined with stagnating wages that means people need to spend a greater portion of their of their income on basic essentials and don’t have as much left to save for future big purchases.
Don’t get me wrong, homes need to be more affordable, but arbitrary reductionist ideas like let’s ban landlords don’t really work.
Some other ideas might be to increase minimum wages, yes this increases inflation but the people at the lower end of the wage scale still come out ahead. Have a crown corp for housing, even if it needs to be subsidized. Give people affordable and reasonable quality options and make private industry have to compete against that. Some better benefits for tradespeople, like lower the exemption on the trade tools tax credit to make construction more affordable. Though there’s a weird thing that happens where companies bring in big crews of apprentices for cheap labour and then lay-off the journeypeople so they don’t have to pay Journeyperson wages. I guess this keeps costs lower, but it’d be nice to see something combat this so there’s better job prospects for people that complete their apprenticeships.