As long as current and future homeowners are not just satisfied with paying off their mortgages and to build equity, plus want prices to rise faster than earnings in the local economy at the expense of affordability for those who follow, the crisis of housing affordability will never get resolved no matter how much you reduce immigration, curb foreign buyers or property flippers. The political will does not exist to resolve the crisis nor do most home owners want to see more supply created where needed the most because it threatens their financial asset’s potential; and all political parties know this.
I wake up, turn on my computer and you two are already drinking! 😂
Ha! Someone encouraged us by providing us with delicious drinks (thanks again!)
As long as current and future homeowners are not just satisfied with paying off their mortgages and to build equity, plus want prices to rise faster than earnings in the local economy at the expense of affordability for those who follow, the crisis of housing affordability will never get resolved no matter how much you reduce immigration, curb foreign buyers or property flippers. The political will does not exist to resolve the crisis nor do most home owners want to see more supply created where needed the most because it threatens their financial asset’s potential; and all political parties know this.