Want to make housing affordable? Real estate needs to become a mediocre investment

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

What we should be aiming for is policy that would maintain home prices at some reasonable multiple of household income

Prime ministerial interviews aren’t usually comedic material, but Prime Minister Justin Trudeau’s chat this past month with The Globe and Mail’s City Space podcast did offer up a chuckle or two.

To be fair, though, many of us would not do a whole lot better than our country’s leader if we were asked the same questions. That sounds innocuous enough. But if you think about it for a moment, you may begin to see a problem. I realize this is not a platform any politician wants to run on, but it’s hard to argue with the numbers. So long as home prices climb faster than people’s wages, affordability tends to deteriorate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P growth, real estate earnings, small businesses: Wealth!On today's episode of Wealth!, host Alexandra Canal takes a deep dive into home and gas prices, portfolio picks, and efforts to scale small businesses. The S...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »