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Young people paying 'astronomically living expenses': insolvency trustee
(www.bnnbloomberg.ca)
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this post was submitted on 28 Mar 2024
137 points (97.2% liked)
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As I said, it's a bet. You acknowledge that. I'm not betting but I'm looking at the situation today for someone who'd have to buy today, as is the article.
I don't disagree with the political assessment however you're missing some details that make your bet seem less risky. Which is totally alright since you've already made it. π
Speaking of people making boatloads of money, no one has made any money unless they bought a second property or are willing to downgrade. Anyone who's only property has grown in price and they can't afford to move to a cheaper one has made nothing except for their taxes have gone up. (Because they'd have to spend what they get for theirs on the one they have to buy, which has also gone up as much as theirs.)