How come the income to home price ratio was less than 2.5 years to pay off 50 years ago but today it’s like 10 years? Yea I know it doesn’t include the obvious fact that most of your income goes to living and not paying off the home but still. WHAT THE FUCK shit was so cheap and affordable.

>>511448099 (OP)
high immigration = expensive housing

canada and australia are worst.... they had the most immigration

japan prices have gone down as the population shrinks

the end

>>511448099 (OP)
>more people living alone
>smaller households
>average house is larger now
>more safety standards
>more red tape
>immigration

>>511449038
>>511448261
Or to summarize: jews

>>511448099 (OP)
checked - yeah this is why no matter what they say boomers are always wrong

>>511448099 (OP)
jews
Canada economy is built on realeastate, residential and commercial, the government take a lot of taxes at all level for making and having a house, the higher the price the better, which is why in 2008 we didn't have similar like US because it's artificial. WFH was attacked because people started working remotely and that was bad for both type of realeastate, bad for tax, bad for banks, so shut it down. Also a lot of people (majority of voters) are using housing as an investment with speculation values, and they will never vote to someone to attack their investments.
Bottom line: democracy will never fix your housing issues, just follow japan model and make them depreciated assets instead.

>>511448099 (OP)
This is just a symptom of the currency's loss of purchasing power. (in 1970 minimum wage was $1.60/hr. To have the same purchasing power minimum wage today would have to be ~$125/hr.)

>>511449163
This.

>>511448261
This is true but not the whole answer. Natural supply and demand for housing is not responsible for this huge increase in prices. The real culprit is the commodification of housing and the introduction of incentives for speculatory investment. Allowing homes to be financial instruments, coupled with the fact that demand for housing is almost completely inelastic, leads to an unstable price spiral. They now experience demand from two markets; the market of people looking for places to live, and the much more insidious market of banks and faggot house flippers looking to make a quick buck.

Homes should be regulated like public utilities to keep the cost down. House flipping should be heavily penalized. If you want to retire, then build a strong portfolio, homes should not be retirement plans.

>>511449996
This should be common knowledge. You can’t have your cake and eat it too; if housing remains a good investment, then BY DEFINITION its value will increase faster than wages. We need regulations to make housing affordable BAD investment. It’s the only way but nobody has the balls to admit it.