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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 14. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »