this post was submitted on 29 May 2024
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Trudeau says housing needs to retain its value (www.theglobeandmail.com)
submitted 6 months ago by SamuelRJankis@lemmy.world to c/canada@lemmy.ca
68 comments fedilink hide all child comments
 

In case anyone still wants to somehow debate whether the Liberals will deliver affordable housing.

“Housing needs to retain its value,” Mr. Trudeau told The Globe and Mail’s City Space podcast. “It’s a huge part of people’s potential for retirement and future nest egg.”

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[–] ILikeBoobies@lemmy.ca 10 points 6 months ago

High housing prices are bad for the economy

Housing prices become high when there is a scarcity of houses in job markets. This means you will have a shortage of labour in those markets because people can’t afford to be there

And if you have a house + are paid well that is still bad for you because there will be less in your area for you