this post was submitted on 14 Nov 2023
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So 20% of Canadians are real estate speculators or NIMBY assholes?
I would guess the NIMBYs "somewhat support" affordable housing (i.e. "somewhere else, just not here"), and that they're mixed in with further home owners who are afraid of lower prices affecting their "investment." I imagine it's mostly real estate speculators that make up the bulk of the ones against affordable housing.
20% of the population is already rich and wants to pull the ladder up after them.
That 80/20 split is about the same as the have/have-not income split of $160k/year.
20% of people know there isn't anything that govt can't make worse
Actually, the government directing the CHMC to pivot from "direct public housing investment and urban planning" to "mortgage supports and bribing developers" is about the same time our housing market started to get out of control.